ElmTree closes fund with $1 billion in assets

Jim Koman, managing principal, ElmTree Funds | Photo courtesy of ElmTree Funds
Jim Koman, managing principal, ElmTree Funds | Photo courtesy of ElmTree Funds

ElmTree Funds, a St. Louis-based real estate private equity firm that acquired over $400 million in real estate in the last 12 months, has closed its second fund with just under $1 billion in total assets.

The fund — called ElmTree Net Lease Fund II — includes 56 properties across 26 states with a total of 6.6 million square feet. About half those properties are industrial, while 31 percent are office and 12.5 percent are medical.

ElmTree focuses on net-leased assets, or properties under long-term leases in which the tenants agree to pay expenses such as utilities, insurance, taxes and maintenance.

Read more from the St. Louis Business Journal


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