Kaulig Capital, the private investment firm of the Kaulig Companies, has acquired 24 properties in conjunction with Flicore LLC, a Cleveland-based real estate firm. The financial terms of the transaction were not announced.
Kaulig Capital is especially interested in partnering with real estate brands. Its portfolio includes over 50 investments in multi-tenant, residential, and hospitality properties as well as real estate funds. Flicore currently owns single and multi-tenant triple net lease properties throughout North America, with tenants including Starbucks, Chipotle, and Bank of America. The Kaulig Capital team looks to expand Flicore’s geographic footprint and investments in single and multi-tenant net lease properties.
CEO of Flicore Frank Licata said, “Flicore is excited to partner with Kaulig Capital as we look to expand our current portfolio and increase our geographic footprint.” He continued, “We look forward to collaborating with the Kaulig Capital team and expanding our relationships within various real estate communities across the country.”