Goldman Sachs confirmed Tuesday it will buy commercial real estate investor LCN Capital Partners for up to $410 million.
Founded in 2011 by Edward V. LaPuma and Bryan York Colwell, LCN Capital Partners is a commercial real estate investor that focuses on sale-leaseback and net-lease deals.
Goldman will pay approximately $260 million upfront for LCN, with an additional potential payout of up to $150 million linked to future performance targets and service commitments, the company stated.
About 80% of the consideration will be paid in stock.
“LCN’s differentiated platform is highly attractive for our asset and wealth management clients who want diversified sources of returns and offers corporate clients innovative capital solutions,” Goldman Chairman and CEO David M. Solomon said in a press release.
Edward V. LaPuma and Bryan York Colwell, co-founders of LCN, will join the team at Goldman Sachs Asset Management’s Real Estate division once the transaction is finalized.
“By combining LCN’s origination network and investment discipline with Goldman Sachs’ unrivaled corporate relationships, global distribution, and client experience teams, we can better serve our investing and tenant partners at a scale no independent firm could match,” said LaPuma.
The deal is expected to close by the end of 2026.
By CEO NA Editorial Staff
