Steven Waldman
New York, NY (USA)
Role(s):
Founder/Owner/Principal
Canna Real Estate Fund
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Startup
Location:
New York
Industry:
Real Estate
Year Founded:
2016
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Partnership
Description:
The Fund desires to accumulate a portfolio of legally permitted cannabis-use properties that will provide the Fund with stable rents and potential growth. Furthermore, many leases will be structured with upside potential through bonus rents (such as percentage rents) or other profit-sharing mechanisms providing the Fund with further income and appreciation growth potential. For risk management, the Fund intends to diversify its holdings in terms of asset location, property types, and tenants to mitigate financial, political, and concentration risks. The NNN lease structure planned to be employed by the Fund, where the tenant is responsible for payment of the costs to operate and maintain the property, should also shield the Fund from the inflationary effect on these costs.