April 22, 2020
Fundamental Income, Sponsor and Index Provider to the NETLease Corporate Real Estate ETF (NYSE arca: NETL) (the Fund), has announced the creation of a new net lease platform Fundamental Income Properties. The platform received an initial equity commitment of $500 million from a fund managed by Brookfield Asset Management (NYSE: BAM).
Latham & Watkins LLP advised Brookfield Asset Management in connection with its investment in Fundamental Income Properties with a deal team led by New York real estate partner Michael Haas, with associate Kimberly Lucas. Advice was also provided on benefits and compensation matters by Los Angeles partner Larry Seymour, with associate Jordan David; on fund formation matters by San Diego partner Nadia Sager, with associate Zachary Thompson; and on tax matters by Los Angeles partner Ana O’Brien, with associate William Kessler.