Essential Properties Realty Trust is a publicly traded real estate investment trust organized to acquire, own and operate single-tenant commercial properties in the United States. The company focuses on long-term, net lease agreements, under which tenants assume responsibility for property expenses such as taxes, insurance and maintenance. Essential Properties targets a diversified portfolio of single-tenant assets, aiming to generate steady, predictable cash flows and to minimize landlord responsibilities.
The company’s investment strategy emphasizes smaller, often regional tenants across a broad array of industries, including quick-service restaurants, convenience retail, automotive service centers, fitness clubs, dollar store concepts and specialty grocers. By prioritizing properties in secondary and tertiary markets, Essential Properties seeks to capture attractive yields and growth opportunities that may be underappreciated in larger metropolitan areas. Lease terms typically range from 10 to 20 years, providing long-duration contractual income.
Since its initial public offering in early 2017, Essential Properties has expanded its footprint to serve all 50 states, with particular concentration in the Southeast, South Central and select Midwestern markets. The company continually evaluates new acquisitions and portfolio enhancements, leveraging in-house transaction, asset management and capital markets capabilities. Geographic diversification and a focus on resilient tenant industries underpin the firm’s efforts to mitigate market volatility and maintain a balanced asset base.
Essential Properties Realty Trust was founded by Paul M. Hill, who serves as Chairman and Chief Executive Officer. Hill brings over 30 years of commercial real estate experience, previously leading a separate publicly traded real estate enterprise focused on industrial properties. The leadership team includes seasoned professionals in finance, operations and acquisitions, supported by an independent board of directors. Under this stewardship, Essential Properties pursues disciplined growth while adhering to corporate governance standards and a commitment to long-term shareholder value.
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