TRANSACTIONS

Investment

WAUSEON MACHINE

Cornerstone Capital Partners made a long term investment in Wauseon Machine. Wauseon continues to be a privately held company able to make great long-term decisions and commitments that are sound and complete providing the members of Wauseon a stable foundation and capital to pursue its goals while retaining its excellent culture.

Transaction Size

$245,000,000

HELOC PORTFOLIO PURCHASE

Cornerstone Capital Partners funded a senior-subordinate capital structure used to purchase a portfolio of home equity line of credit (HELOC) mortgage loans. Cornerstone’s investment, which had attributes of both debt and equity, was made possible by the structured partnership of participating financial institutions.

Transaction Size

$6,600,000

WENDY’S SALE AND LEASEBACK

Cornerstone Capital Partners Corporation purchased and leased back restaurant property owned and operated by an affiliate of Wendy’s of Bowling Green, a franchisee of Wendy’s International. Cornerstone Capital Partners Corporation provided the equity as principal which enabled the seller to recapitalize is ownership while maintaining operational and leasehold control of stand-alone restaurants in Tennessee and Alabama.

Transaction Size

$6,000,000

DOLLAR GENERAL RETAIL DEVELOPMENT

Cornerstone Capital Partners Corporation purchased raw land, entered into separate lease agreements with Dollar General Corporation, and constructed new stand-alone buildings in Ohio for operation as Dollar General retail stores. Cornerstone Capital Partners Corporation acted as equity provider and developer for this ground-up development of new stores.

Transaction Size

$1,800,000

WENDY’S REAL ESTATE ACQUISITION

Cornerstone Capital Partners Corporation purchased restaurant real estate net-leased to a franchisee of Wendy’s International, Inc. in a multi-party simulated sale leaseback transaction. Cornerstone Capital Partners Corporation provision of equity as principal enabled the property owners to recapitalize themselves while preserving the tenancy and operations of the franchisee.

Transaction Size

$3,300,000

CVS RETAIL DEVELOPMENT

Cornerstone Capital Partners Corporation purchased an existing retail center in Grandview, Ohio and worked with CVS and its preferred providers to redevelop the site into a newly built CVS drug store. Cornerstone Capital Partners Corporation worked as principal to lease the site to CVS and coordinated with Cornerstone Capital Corporation in a financed sale of the completed project to Mid States Development.

Transaction Size

$3,100,000

MAX & ERMA’S SALE-LEASEBACK

Cornerstone Capital Partners Corporation structured a sale and leaseback agreement with Max & Ermas, Inc. for one of its newly-constructed, stand-alone restaurants in Pennsylvania. Cornerstone Capital Partners Corporation worked with Cornerstone Capital Corporation to provide financing.

Transaction Size

$8,300,000

MATCHFRAME SALE AND LEASEBACK

Cornerstone Capital Partners Corporation purchased and leased back the office headquarters and central production facility for Matchframe Video, a state of the art digital and high definition post production company serving the television, film and video media markets. Cornerstone Capital Partners Corporation purchased the real estate as an equity principal from the company founders for this real estate in Burbank, California.

Transaction Size

$149,000,000

WALGREEN CO. SALE-LEASEBACK

Walgreen Co., the operator of over 5,000 drugstores in the United States, entered into a sale and leaseback contract with Cornerstone for 42 of its free-standing, newly-built drug stores in 17 states. Cornerstone Capital Corporation underwrote and funded the financing secured by first mortgages and deeds of trust on the properties together with the lease and lease payments. Cornerstone Capital Partners Corporation funded and structured the equity component by providing equity and taking ownership of the real estate.

Transaction Size

$11,000,000

MAX & ERMA’S MULTI-SITE BUILD-TO-SUIT

Max & Erma’s is a 35-year old company which owns, operates or franchises 103 Max & Erma’s 103 casual dining restaurants in 12 states. Cornerstone Capital Partners entered into a multi-year commitment to fund and own four (4) new to-be-built restaurants leased to the company on a reverse build-to-suit basis. Under the arrangement, Max & Erma’s selects its sites and uses its own real estate and development personnel to construct the improvements, and Cornerstone purchases the land and funds construction draws as the restaurant is completed.

Transaction Size:

$9,000,000

CVS PHARMACY JOINT VENTURE

Cornerstone Capital Partners provided joint venture equity to a company formed with developer partners for the purpose of constructing a build-to-suit CVS retail pharmacy store in Foxborough, Massachusetts. Cornerstone’s cash equity and support of the construction banking relationship enabled the developer partners to limit financial exposure while obtaining all cash required to complete the project.