Fundamental Income
Fundamental Income is a Phoenix, Arizona-based real estate capital provider specializing in net lease real estate sale leaseback transactions for North American businesses. Operating as principal investors rather than intermediaries, Fundamental Income's partners bring extensive institutional experience in net lease real estate, credit, and capital markets to deliver innovative, bespoke sale leaseback structures that unlock the value of real estate holdings for middle market companies, founders, private equity firms, and their professional ecosystems. The firm has acquired and committed over $2.5 billion in net lease real estate across more than 500 properties and 15 million square feet in over 65 industries throughout the United States and Canada.
Fundamental Income's core product — the sale leaseback — enables businesses to convert their owned real estate into immediate liquidity while retaining 100% operational control of their properties through long-term leaseback agreements. For growing businesses, sale leaseback proceeds can fund expansion, acquisitions, recapitalizations, or debt reduction, transforming static real estate assets into dynamic working capital without disrupting operations. The firm's investment team, which has collectively closed over $16 billion in transactions, works directly with business owners, private equity sponsors, investment bankers, and financial advisors to structure solutions tailored to the specific objectives and constraints of each client situation.
The Fundamental Income team draws on deep expertise in single-tenant commercial real estate across a broad range of business sectors, from manufacturing and distribution to food service, automotive services, healthcare, and beyond. This cross-sector experience enables the firm to evaluate opportunities in industries where sector-specific knowledge is necessary to accurately assess real estate risk, tenant credit quality, and long-term property viability. Fundamental Income's reputation for reliability, integrity, and execution certainty — qualities consistently cited by clients across private equity, investment banking, and corporate finance — has established the firm as a trusted capital partner for middle market businesses seeking to efficiently deploy their real estate capital.