Perpetual-life private REIT that acquires, owns, finances and leases single-tenant commercial real estate under medium- to long-term triple-net leases to creditworthy and investment-grade tenants, primarily in the U.S. and to a lesser extent Canada and Europe. Deals are sourced through sale-leasebacks, build-to-suit developments and purchases of leased assets, targeting five-plus years of remaining lease term. Income comes from contractual rent with annual escalators; tenant credit underwriting is the core of the Adviser's approach. At 12/31/2025 the portfolio was 274 industrial, retail, office/headquarters and data center properties, about 73% industrial by cost.