on Sentinel Net Lease
Sentinel Net Lease Completes Sale of United HealthCare Customer Service Center in San Antonio
Sentinel Net Lease, a national commercial real estate investment firm, announced the successful sale of the United HealthCare Customer Service Center in San Antonio, Texas. The property, a 142,500-square-foot premier office building, is located in the University Park Tech Center.
The state-of-the-art building features advanced security systems, a cafeteria, and modern office spaces. This sale represents the second strategic disposition for Sentinel in 2024, underscoring their ability to provide risk-adjusted returns to investors and identifying value-maximizing opportunities.
Fred Lewis, CEO of Sentinel Net Lease, lauded the quality of the asset and the firm's commitment to delivering superior returns. Chief Investment Officer Dennis Cisterna highlighted the team's experience in acquiring assets at below-market prices, contributing to substantial returns.
The announcement comes as Sentinel launches its $100MM Sentinel Opportunity Fund I, aimed at acquiring quality retail, industrial, and office properties in top suburban metros. The fund has already received nearly $40MM in commitments.
R. H.
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