The Trust owns five stabilized single-tenant industrial properties totaling 463,806 square feet in Jacksonville (two), Wheeling (Chicago metro), Punta Gorda and Kansas City, bought all cash for $47,427,394. All five are master leased to an affiliate that subleases each to one tenant on long net leases with fixed escalations (about 12.5 years weighted remaining term). The objectives are capital preservation, monthly distributions and profit on a sale or a Section 721 exchange into the sponsor REIT operating partnership in about seven to ten years.