A Differentiated Strategy Focused on Outparcels
What is an Outparcel?
A freestanding building, situated with direct frontage on high-traffic roads with the best access & visibility, typically leased to a service oriented, internet-resilient, household name tenant under a long-term lease agreement
FrontView Outparcels Demonstrate Visibility and Frontage
FrontView Portfolio Snapshot
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Total Properties
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Brands
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Occupancy
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Remaining Lease Term
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Top 10 Tenant Brands Concentration
Quick Service Restaurants
Full Service Restaurants
Financial
Healthcare
Cellular
Automotive
High-Quality, Geographically Diversified Portfolio
FrontView has a 2.1 million square foot portfolio comprised of 278 properties in 31 states across 96 MSAs, with limited exposure to any single state or market
Industry Exposure (by % of ABR)
Top 20 Tenant Brands (by % of ABR)
The Difference
"Real Estate First" Investment Strategy
Highly differentiated investment strategy that includes a carefully considered set of criteria
Expertise
An average of more than 20 years of real estate and/or net lease real estate experience, developing, acquiring, and repositioning assets
Resilient
Portfolio Occupancy rate of ~99% as of June 30, 2024.
FrontView REIT’s “Real Estate First”
Investment Strategy
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Prime Properties in Desirable High-Traffic Locations
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E-Commerce Resistant Tenants
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Favorable Layout, and Site Position within
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Locations that Appeal to Diverse Tenant Types
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Sites with Potential for Value Creation
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Smaller Asset Size
Why Our Outparcels?
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Target Well-Located Outparcel Properties While Maintaining a Highly-Diversified Portfolio
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Broad Market Relationships Drive Acquisition Pipeline
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Potential Growth through Long-Term Net Leases with Strong Contractual Rent Escalations
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Proactively Manage Our Portfolio
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Actively Manage Our Balance Sheet to Maximize Capital Efficiency
What Is A Net Lease?
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A Net Lease Typically Require Tenants to Pay Real Estate Taxes, Property Insurance, and Operating Expenses Which Protect Landlords From Rising Costs
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Limited CapEx Typically Required For Double net leases in the Space
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Contractual Rental Escalations Through the Term are Typical
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Our Net Leases Typically Have Landlord Friendly Assignment Rights
FrontView Leadership
Underwriting
- Deal selection
- Financial / credit underwriting
- Market analysis
- Site scoring model
- Investment Committee Reports
Finance & Accounting
- Property acquisition closings
- Financial reporting and analysis
- Investor and lender relations support
- KPMG (auditors) interface
Asset Management
- Property acquisition due diligence
- Tenant relations post-closing
- Property site visits
- Active management of properties
Legal, Insurance & Environmental
- Property acquisition legal support, lease, REA’s, title review, use restrictions
- Lender transactional support
Technology
- Billing and
payment systems - Data storage and backup
- IT support and
business continuity
Human Resources
- Hiring, onboarding
- Initial and ongoing training
- Annual reviews
- Employee benefits
 Environmental, Social, & Governance
Corporate Responsibility:
We aim to operate our business in a way that has long-term, positive impacts for our stockholders, employees, tenants, other stakeholders, and the communities where we live, work, and own our properties
Environmental
- Partner with tenants to promote environmental responsibility and energy efficient facilities
- Implementation of energy conservation practices in the corporate office
- Continually work to find and roll out programs at properties that support these goals
- Encourage tenants to include LED lighting, electric charging stations and water conservation strategies at properties
Social
- Cultivate a workplace culture driven by diversity and inclusion
- Commitment to employee well-being & satisfaction in the workplace
- Community engagement encouraging volunteer opportunities throughout the year, among other activities
Corporate Governance
- Diverse management team and board of directors with independent committees
- Best practices in line with the Board’s code of ethics
- Corporate governance structure that closely aligns our interest with those of our stockholders
FrontView REIT Sample Acquisitions
FrontView REIT continues its acquisition strategy of assembling a carefully selected national portfolio of outparcel properties.
