Tauro Capital Advisors, Los Angeles, secured $50 million in revolving debt facilities for single-tenant triple-net-lease property developers.

Managing Partner Stephen Stein and Director Tony Festa arranged the financings.

“Single-tenant triple-net-leased product has continued to emerge as a stable asset class of choice for many investors across the country,” said Festa. “The industry saw a similar trend out of the 2008 downturn and throughout the last cycle, when single-tenant net-leased properties continued to perform and emerged from the recession relatively unscathed and resistant to market conditions.”

Festa noted a similar shift recently as more investors turn to NNN product, “rather than more management-intensive alternatives.”