Net Lease

Owns and manages mission-critical, net-leased industrial properties supporting the food value chain and related industries

An aerial view of a factory, showing its sprawling layout and surrounding area.
INVESTMENT THESIS
Proterra Net Lease (PNL) owns and manages mission-critical, net-leased industrial properties that support the food value chain and related industries. Our unique focus on food and agriculture distinguishes us from traditional institutional real estate strategies, enabling us to seek above-market returns in a resilient, high-growth, and overlooked sector.  The mission-critical nature of our properties means they’re integral to our tenants’ operations, providing stability and resilience even during economic fluctuations.

Our seasoned team has a proven track record of building, scaling, and managing large net-lease and other real estate platforms. The combined expertise of Proterra helps us identify and capitalize on emerging trends, while effectively navigating the complexities of the market to ensure our investments yield sustainable and profitable results.

Our Strategy

Three workers wearing personal safety equipment, standing in a factory environment.
Differentiated Focus
Our unique focus on food, agriculture and related industries sets us apart from traditional institutional real estate strategies–a differentiated approach that taps into a resilient, high-growth sector. These attributes combined with an overlooked sector create the opportunity for attractive risk-adjusted returns in very capital-intensive industries.
Market Leader
As one of the largest investment managers in the food and agriculture sector, Proterra brings unmatched knowledge and relationships, enabling robust origination and underwriting capabilities across the food value chain.
Proven Success
Our experienced team has a successful history of building, scaling, and managing large real estate platforms, and our deep sector expertise uniquely positions us to unlock value in food and agriculture-related real estate.
Investment Areas

Food Processing / Manufacturing

Businesses that transform raw agricultural products into finished goods, ensuring quality and safety while adding value to the food supply chain.

The exterior of a food factory, showing the building and surrounding area.
An ice cream cone assembly line with cones being filled, topped, and packaged for distribution.

Packaging

The packaging industry plays a critical role in preserving food quality, enhancing shelf life, and promoting products.

Cold Storage

Cold storage facilities are vital for maintaining the freshness and safety of perishable goods, enabling efficient distribution and reducing food waste.

A cold storage warehouse with boxes of products stored at low temperatures, ready for shipment.
A large warehouse filled with organized racks and boxes, awaiting distribution.

Distribution

Involves the logistics and transportation of food products from producers to consumers, ensuring timely delivery and accessibility in the market.

Equipment Dealers & Manufacturers

Includes companies that produce and sell machinery and technology necessary for farming and food processing, supporting efficiency and innovation in the sector.

Two men standing in front of a harvest truck, possibly overseeing or preparing for the next stage of the harvest.
A man standing in front of a crop field, holding a tablet and likely checking or monitoring the plants.

Farm Input Producers

Companies that supply essential resources such as seeds, fertilizers, and pesticides, enabling agricultural productivity and sustainability.

Investment Characteristics

Single-Tenant,
Net-Leased Real Estate
This investment area focuses on properties leased to a single tenant under long-term agreements, providing stable and predictable cash flows that enhance portfolio resilience.
Stabilized, Fully Leased Properties
Our properties have established occupancy and contractual rental income, minimizing volatility and delivering reliable returns to investors.
Food and Agriculture Related
We seek real estate that supports the food value chain, a necessary, resilient, high-growth, and overlooked part of the market.
Mission Critical Locations
Our properties are essential for our tenants’ businesses to function properly, providing stability even in uncertain times.
Off-Market or Lightly Marketed
We target off- or lightly marketed opportunities, which offer above-market returns for our investors.
Value Creation Opportunities
We seek properties with potential for physical improvements or operational enhancements, enabling us to unlock additional value and increase returns over time.
Risk Mitigated Income and Growth
We structure our investments to provide attractive income and growth, with downside protection and limited volatility.
Background

Why Proterra Net Lease?

Our Unique Offering
Deep Sector Expertise: Proterra is one of the largest investment managers in the food and agriculture sectors. Our unmatched knowledge and extensive relationships enable robust origination and underwriting capabilities across the food value chain.
Differentiated Focus: Our unique focus on food and agriculture sets us apart from traditional institutional real estate strategies, offering a differentiated approach that taps into a resilient, high-growth sector.
Robust Sourcing Network: Leveraging the relationships of our team and firm, we obtain access to deals that aren’t widely marketed.
Structured Financing Expertise: With extensive experience in structured financing, we can anticipate lower-cost debt options compared to many market participants. Our innovative financing strategies enhance returns while effectively managing investment risks.
Proven Track Record and Experienced Team: Our experienced team has a proven track record of building, scaling, and managing large real estate platforms. Combined with our deep sector expertise and extensive credit knowledge, along with the processes we've established over years at Proterra, we are uniquely positioned to unlock value in food and agriculture-related real estate
A food factory with large, tall metal containers used for processing beverages.