IRA Capital Acquires Sams Club Warehouse Off I-85 in Atlanta, GA

IRA Realty Capital, LLC announced today that Net Lease Income Fund I, LLC – through one of its subsidiaries, has completed the acquisition of a Sam’s Club warehouse in Atlanta, Georgia.The property is leased on an absolute NNN basis to Sam’s Club for an intial term of 20 years. The 130,000 square foot building is situated on 22 acres just off the I-85 interchange and Clairmont Road. The lease is guaranteed by Walmart – which tops the list of US retailers as the only publicly traded retailer with a AA/Stable rating.According to Amer F. Kasm, a principal of IRA Realty Capital, “Our recent Sam’s Club acquisition is in a strong Atlanta infill location that enjoys tremendous visibility and exposure. The Atlanta store is one of the best performing warehouse clubs in the region, which is further evidenced by the tenant’s significant capital improvements in recent years, including the installation of a fuel pad. All of these factors are testaments to our Fund’s core strategy.”IRA Realty Capital is a privately‐held real estate investment and management firm that focuses on maximizing risk‐adjusted returns while protecting and growing investment capital. Net Lease Income Fund I, LLC is a private fund formed in July 2010 to invest in a diversified portfolio of freestanding, single-tenant, net-leased properties located throughout the United States. Net Lease Income Fund I is managed by IRA Realty Capital, LLC. The fund sponsors are Amer F. Kasm, Samir M. Patel, and Mohannad S. Malas. Additional information can be found at www.iraRealtyCapital.com