CAI Investments, LLC, a property manager\/developer and private placement sponsor, has subscribed its Delaware statutory trust offering comprised of a Cabela\u2019s retail establishment in Kansas City, Kansas.<\/p>\n\n\n\n
CAI purchased the property in July 2021 for nearly $28.5 million and raised $16.9 million from accredited investors.<\/p>\n\n\n\n
The 164,100-square-foot property is leased for 25 years to Cabela\u2019s, a subsidiary of Bass Pro Shops, the lease guarantor, who specializes in outdoor recreation products for camping, hunting, and fishing.<\/p>\n\n\n\n
When asked why the firm acquired the property, CAI founder Christopher Beavor, said, \u201cThis Cabela\u2019s is located in an established submarket that drives visitors and shoppers to its location. We looked at their overall sales and growth during the pandemic and saw that they were well-managed during one of the worst economic times this country has seen.\u201d<\/p>\n\n\n\n
Speaking on future offerings sponsored by the firm, James Hickey, senior vice president of capital markets, said that CAI\u2019s acquisitions team \u201cis constantly looking for assets with quality tenants, substantial lease terms, in geographical areas that support economic growth.\u201d<\/p>\n\n\n\n
\u201cWe believe we have several properties that fit those criteria in our current pipeline,\u201d added Hickey.<\/p>\n\n\n\n
Headquartered in Las Vegas, CAI Investments is a real estate development company that finances, develops and manages commercial properties in key markets across the United States.<\/p>\n\n\n\n