Garabedian Realty Advisors is an international real estate advisory firm specializing in net leased commercial real estate acquisition and sale-leaseback origination in Canada and the USA. Since 1989, the firm has developed an expertise in ownership structures for investment grade and other well located single-tenant net-leased (STNL) income producing properties. We represent investors, as principle, and from time to time will participate as co-investor. We will also act as facilitator for corporations wishing to capitalize on the value of their real estate by selling the property and leasing it back on a long term operating lease. Our clients are typically institutional investors, corporations wishing to execute a sale-leaseback and high net worth individuals who wish to own real estate as part of their investment portfolios.

High Tech

John Garabedian, the founder of GRA, was the one of the first commercial real estate professionals to deploy the internet as a full fledged part of his operation.  Though today everybody has one, back in 1995 most people did not know what an email addresses was.  That's when he built and maintained the first commercial real estate web site in his market place called www.immobilier.qc.ca (page supplied by web archive). Immobilier, of coarse means real estate in French.  Since then everyone has caught up, but the lessons learned during those times have helped propel GRA to new heights.  It is one of a handful of real estate firms that practice their trade on an international level.  GRA has completed several large transactions only with the knowledge and mastery of the internet, email, and a never-ending additions of high tech tools.  How else can you complete a transaction in Los Angeles, with attorneys in New York representing the tenant, attorneys in San Diego representing the seller and attorneys in Dallas representing the buyer, without ever seeing the property, the attorneys, the seller, nor the buyer.  


Why STNL

Single Tenant Net Leased (STNL) property is the best way to own a management-free investment in real estate.  These types of investments are typically long term (15-25 years) and as the name implies are net leased, meaning that there are no landlord responsibility (absolute or bondable).  In many cases they are credit tenant leased (CTL).  When placing a loan on a CTL deal, the better the credit the higher loan to value (LTV) an investor can achieve with a lower interest rate (based on points over 10 year US treasuries or Canada Bonds).  GRA specializes in STNL and CTL in the United States and Canada .  THAT'S ALL WE DO.  When you do something long enough you get pretty knowledgeable and street smart (not just book smart).


Why Sale-leaseback

Sale-leaseback is the best way for a corporation to take full advantage of the underlying value of their real estate. In many ways the SLB allows a corporation to retain control and the use of their real estate and to cash out at the same time.  By establishing a long term operating lease they can take the real estate liability off their books and replace it with a tax deductible operating lease.  They can then take the cash derived from the transaction and pay down debt or redeploy in existing or new operations.  As far as the investor is concerned it is a single tenant net leased property acquisition with a tenant already in place with a long term lease.  No leasing commissions, no vacancy risk upon acquisition.


John Garabedian,CCIM

John Garabedian is a chartered real estate broker in the Province of Quebec, Canada. He is licensed with the Quebec Association of Real Estate Brokers and Agents (ACAIQ), a member of the Canadian Real Estate Association (CREA). John Garabedian received his CCIM (Certified Commercial Investment Member) designation in 1989. A Certified Commercial Investment Member (CCIM) is a recognized professional in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis. As an experienced expert, a CCIM is an invaluable resource to the commercial real estate owner, investor, and user.