Proterra Investment Partners Hires David Kay to Lead Net Lease Real Estate Business
- Editor
- Feb 4
- 1 min read
What's Happening: Proterra Investment Partners, a Minneapolis-based alternative asset manager, has hired David Kay as Managing Director to co-head its new net lease real estate initiative. Kay, formerly the founder of Jera Partners and CEO of American Realty Capital Properties, brings extensive experience in net-lease real estate investments.
The Key Moves:
David Kay joins Proterra as Managing Director to co-lead net lease real estate efforts
Kay will work alongside Mark Decker, leveraging 25+ years of shared experience
Proterra aims to expand into net leased real estate, complementing existing credit and yield offerings
By The Numbers :
Proterra manages approximately $3.3 billion in regulatory assets
Kay's previous firm, Jera Partners, has over $800 million in assets under management
Kay previously led companies with more than $30 billion in assets under management
Key Quotes:
"David has been an innovator with respect to lease structure and financing since the late 1990s, and we're excited to help business owners unlock value from their real estate," said Mark Decker
"We believe David Kay is one of the top experts in the industry, and his expertise will help us create highly attractive, risk-controlled yield opportunities for Proterra's investors," said Rich Gammill, Proterra's Managing Partner
"I look forward to helping Proterra continue its exceptional success by expanding its reach into this asset class," said David Kay
The Bottom Line: Proterra Investment Partners is strategically expanding into net lease real estate by bringing on industry veteran David Kay. This move aims to create new yield opportunities for investors while leveraging Proterra's existing expertise in the food value chain and agribusiness sectors.
Comments