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The company was formed in 1984 as Golden Corral Realty Corp. as a way for the owners of the Golden Corral restaurant chain to allow employees to invest in the company. [2] [3] In 1993, the company split from Golden Corral, and changed its name to Commercial Net Lease Realty. [2] The company also moved its listing to the New York Stock Exchange. [4]
In 1965, Benson founded the Benson Mineral Group, an oil and gas exploration and production company. Since then, his business interests have expanded to include banking, mortgage servicing, real estate development and management, geothermal power, manufacturing, trucking, restaurants and cable television.
Net lease types include single net, double net, and triple net leases, depending on the number of items they include. The term "net lease" is often used as a shorthand expression for any of these arrangements. The three most common expenses charged back are property taxes, insurance, and maintenance, often called the "three nets". [1] A triple ...
The company's plan for growth is essentially more of the same. The opportunity it sees is that the net lease out-parcel market is currently highly fragmented. It has already spotted $45.2 million ...
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CNL Financial Group (CNL), formerly Commercial Net Lease, is an Orlando, Florida based private investment management and commercial real estate company. It was started in 1973 by James Seneff. [1] The company has been a major player in efforts to redevelop Orlando's downtown.
In July 2021, Bridge held an initial public offering becoming a listed company on the New York Stock Exchange at $16 per share. [5] [8] [9] In February 2023, Bridge acquired private equity firm, Newbury Partners in $320.1 million all-cash deal so it could perform activities in the private-equity secondary market. [10] [11]