Fundamental Income established a new net lease platform that received a $500 million initial equity commitment from a fund managed by Brookfield Asset Management Inc.

Fundamental Income Properties will target single-tenant assets, mainly focusing on offering real estate capital solutions to businesses and business owners in various sectors across the U.S.

Fundamental Income founders Chris Burbach and Alexi Panagiotakopoulos will assume the CEO and chief investment officer positions of Fundamental Income Properties, respectively.

Burbach and Panagiotakopoulos previously worked at single-tenant net-lease real estate investment trust STORE Capital Corp.

Evercore is financial adviser to Fundamental Income Properties LLC.