NetSTREIT, a diversified retail REIT focused on the central United States, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
NetSTREIT's portfolio includes 163 single-tenant retail net leased properties spanning 34 states and its tenants include brands such as 7Eleven, CVS, Walgreens, Lowe's, Walmart, Home Depot, and Kohl's.
The Dallas, TX-based company was founded in 2019 and booked $20 million in revenue for the 12 months ended March 31, 2020. It plans to list on the NYSE under the symbol NTST. Wells Fargo Securities, BofA Securities, Citi, Stifel and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.
