LCN Capital collects $1.35B-plus for US, European sale-leaseback funds

LCN Capital Partners LP obtained more than $1.35 billion for its third pair of sale-leaseback funds.

The private real estate investor closed its U.S. dollar-denominated LCN North American Fund III LP and its euro-denominated, Luxembourg-domiciled LCN European Fund III SLP at their respective hard caps of $635 million and €600 million.

The funds will originate and structure primary market sale-leaseback and build-to-suit investments across all commercial property types and industry sectors in North America and Europe and directly with corporate owner-occupants.