Seven net lease transactions completed include 43 mission critical properties across 23 states in the U.S.

New Mountain Capital, LLC (the “Firm” or “New Mountain”), a leading growth-oriented alternative investment firm headquartered in New York, today announced it deployed more than $400 million across seven net lease transactions in 2024.

The seven transactions included the acquisitions of 43 properties across 23 states with more than 3 million square feet combined and an average lease-term of approximately 17 years. These real estate assets are mission-critical to a range of sponsor-backed and publicly listed tenants across sectors including transportation, aerospace manufacturing, food products, healthcare, human safety, power management solutions and chemical and industrial storage systems.

“2024 proved to be another successful year for our Net Lease investment strategy, providing a significant number of attractive investment opportunities despite the general sluggishness of the deal environment,” said Teddy Kaplan, Managing Director and Head of New Mountain Net Lease. “By focusing on defensive growth sectors where we have deep expertise across our investment strategies, we believe we are well positioned to continue to identify and pursue the best opportunities in the asset class in 2025 and beyond.”

“We are excited to continue building on this momentum in what so far has been a very strong start to the year,” said Tom Decarlo, Managing Director, New Mountain Net Lease. “Today, our team manages a 29 million square foot portfolio consisting of 62 tenants across 297 assets, and we look forward to growing our footprint as a leading net lease real estate provider.”

Launched in 2016, New Mountain Net Lease leverages the Firm’s experience in underwriting middle-market companies to provide real estate financing capabilities to leveraged and sponsored companies. Transactions include sale-leasebacks, existing net lease acquisitions, built-to-suits, and forward take-out commitments of all real estate asset types, emphasizing operationally critical corporate properties.

Since its inception, New Mountain’s Net Lease strategy has completed $2.9 billion of net lease acquisitions across 64 transactions.

About New Mountain Capital

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than excessive risk, as it pursues long-term capital appreciation. The firm currently manages private equity, strategic equity, credit, and net lease real estate funds with nearly $55 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information, visit: www.newmountaincapital.com.

Under no circumstances does the information contained herein constitute an offer to sell or a solicitation of an offer to buy any security or interest in an investment vehicle managed by New Mountain Capital. Any such offer or solicitation can only be made through a definitive private placement memorandum describing the terms and risks of an investment to sophisticated persons who meet certain qualifications under the federal securities laws and are capable of evaluating the merits and risks of the investment. Nothing presented herein is intended to constitute investment advice, and no investment decision should be made based on any information provided herein. It should not be assumed that an investment will be profitable or that the performance of any particular investment will equal its past performance. No guarantee of investment performance is being provided and no inference to the contrary should be made. There is a risk of loss from an investment in securities, including the potential loss of principal. Past performance is not indicative of future results.

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