Representative Transactions

Representative investments made by Red Pine and its affiliated companies

Red Pine PO Owner LLC

Red Pine acquired a portfolio of real estate assets in Brooklyn, New York and Baldwin, New York, from the family of an original developer of facilities occupied exclusively by the United States Postal Service, including a major northeast parcel distribution center. Each of the sites are located on heavily trafficked thoroughfares and have superior development viability.

Red Pine Sovereign Owner LLC

Red Pine acquired a portfolio of three (3) bank branches, on the Cape Cod peninsula in Massachusetts, occupied by Santander Bank, Inc. The tenant also provided financing for the portfolio acquisition. The assets were ultimately repositioned and sold.

Red Pine and its affiliates accumulated significant holdings in Feldman Mall Properties in 2012, lobbying for a change in management which culminated in the sale of the company to Trade Street Residential (TSRE) who subsequently merged with Independence Realty Trust (IRT).

Minnesota Restaurant Investors LLC

Red Pine acquired a portfolio of three (3) Arby’s restaurants located in Minnesota pursuant to long term, triple net leases with an affiliate of Arby’s Restaurant Group, Inc. (which lease was guaranteed by the parent company).

QSR Fulton Club Investor LLC

Red Pine, together with a partner, acquired from a distressed condominium developer a street level, retail condominium in lower Manhattan. The unit, acquired at an aggressive capitalization rate, is leased to Chipotle Mexican Grill pursuant to a long term, double net lease. The sale enabled the developer to pay down a portion of its existing construction debt and finance continuing operations.


Red Pine acquired the controlling interest in the Gowanus Inn and Yard as the result of a fractured partnership. After terminating the hotel’s franchise agreement, Red Pine operated the hotel independently through the pandemic and subsequently executed a long-term lease with Sonder, Inc. for the lodging portion of the asset.

TN Rad Owner LLC; RPRX Owner LLC

Red Pine acquired on behalf of investors a portfolio of four (4) Rite Aid pharmacies located in Tennessee, Maine, North Carolina and Rhode Island subject to long term leases.

Shallotte Capital Partners LLC

An affiliate of Red Pine acquired a CVS in Shallotte, North Carolina and subsequently completed a 1031 exchange upon sale of the asset.

Food Fast Corporation

An affiliate of Red Pine sponsored a tenant in common acquisition of four convenience store and pump stations in southern Arkansas and Louisiana which the venture triple net leased to Food Fast Corporation, an operator of over 60 convenience stores and a fuel distributor in the southeastern United States. Food Fast was subsequently acquired by Fikes, substantially increasing the credit of the tenant.

RPRL Investors LLC

Red Pine sponsored the acquisition by tenants in common of a portfolio of four (4) Red Lobster restaurants located in Alabama, New York, New Jersey, and South Carolina.

Learn more about our investment strategies