USRA is a premier investment manager with a proven track record of delivering value to corporations and investors by investing in and managing single tenant net leased real estate.
At its core, USRA provides capital to companies through sale-leasebacks and build-to-suit financing arrangements in keeping with its belief that a corporation’s finite capital is better utilized investing in their core business as opposed to being tied up in real estate. USRA’s net lease solutions unlock 100% of the market value of a company’s owned real estate while continuing to provide such company long-term and complete operational control of its facilities.
1989
USRA founded by Richard Ader
1994
Credit-Based Affordable Housing program launched
1995
Net lease separate account business surpasses $1B
1996-1998
USRA completes $2.8B in highly structured net lease transactions
1998-2001
USRA originates $1B of securitized net lease transactions
2004
USRA introduces a novel tax-efficient structured net lease for a Fortune 500 tenant
2011
USRA closes its first discretionary net lease Fund
2014
USRA Fund II
2017
USRA Fund III
2020
USRA Fund IV
2022
David Grazioli becomes Managing Partner of USRA
2024
USRA funds a $2.4B manufacturing project, which is the largest CTL to date
1989
USRA founded by Richard Ader
1994
Credit-Based Affordable Housing program launched
1995
Net lease separate account business surpasses $1B
1996-1998
USRA completes $2.8B in highly structured net lease transactions
1998-2001
USRA originates $1B of securitized net lease transactions
2004
USRA introduces a novel tax-efficient structured net lease for a Fortune 500 tenant
2011
USRA closes its first discretionary net lease Fund
2014
USRA Fund II
2017
USRA Fund III
2020
USRA Fund IV
2022
David Grazioli becomes Managing Partner of USRA
2024
USRA funds a $2.4B manufacturing project, which is the largest CTL to date
USRA was founded in 1989 by Richard H. Ader to focus exclusively on investments involving real estate and credit. Over the ensuing 30+ years, the firm established itself as a leader in the net lease industry, diligently investing in and managing net lease assets through a variety of macro economic environments.
USRA treats its tenants as customers, and prides itself on its creative ability to formulate bespoke lease and financing arrangements structured to satisfy the specific goals of each tenant. As a fund sponsor and trusted steward of investor money, USRA invests at the intersection of real estate and credit, providing investors with long-term, stable, inflation hedged cash flow secured by mission-critical net lease assets. USRA has over 300 investor relationships, each of whom has entrusted the team with their capital across USRA’s various funds and separately managed vehicles.
With over $10 billion in net lease transactions closed, $6.5 billion in assets under management, and hundreds of tenant, broker, and developer relationships, USRA is recognized as one of the most experienced net lease investment managers in the United States, led by a team of professionals with demonstrated success and technical expertise in acquisitions, credit and real estate underwriting, transaction structuring, taxation, accounting, capital markets and asset management. USRA’s transactions have ranged in size from $10 Million to $2.3 Billion.
Tenant relationships
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Impact
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