I co ectio with the closi g, NX3 Comme cial G oup also a ou ced the p omotio of Josh Fe ito to Vice P eside t, I vestme t Sales Team. Fe ito has closed seve t a sactio s totali g mo e tha $20 millio i volume yea -to-date i 2026.
The assig me t was d ive by the clie t’s objective of epositio i g capital out of Califo ia a d i to mo e tax-f ie dly, high-g owth ma kets while t a sitio i g i to t uly passive, ha ds-off eal estate i vestme ts. Fe ito a d Wiste wo ked with the clie t to assemble a dive sified po tfolio spa i g estau a t, healthca e, a d d ive-th u etail, with a emphasis o lo g-te m leases, st o g c edit, co t actual e t g owth, a d mi imal la dlo d espo sibilities.
“The clie t came to us with a clea ma date: get out of Califo ia, get i to ma kets with bette tax a d g owth fu dame tals, a d eve take a othe la dlo d pho e call,” said Josh Fe ito, Vice P eside t, I vestme t Sales Team at NX3 Comme cial G oup. “Ru i g a th ee-p ope ty excha ge o a 1031 timeli e mea s eve y asset has to clea u de w iti g a d close o schedule. We built the po tfolio a ou d c edit, te m, a d co t actual e t g owth so the i come holds up lo g afte the excha ge is complete.”
Fogo de Chão | Katy, Texas
The Fogo de Chão acquisitio ep ese ts a i stitutio al-quality et lease i vestme t located at the i te sectio of I-10 a d the G a d Pa kway i o e of Housto ‘s most afflue t a d apidly g owi g subu ba co ido s. The p ope ty is subject to a lo g-te m NNN lease with mo e tha 13 yea s emai i g a d 10% e tal i c eases eve y five yea s.
Fogo de Chão ope ates mo e tha 100 locatio s globally a d is backed by Bai Capital, which acqui ed the compa y i a $1.1 billio t a sactio i 2023. The asset also be efits f om a locatio adjace t to Costco a d exposu e to mo e tha 221,000 vehicles pe day at the ea by I-10/SH-99 i te cha ge.
Lo gview Regio al Eme ge cy Ce te | Lo gview, Texas
The Lo gview acquisitio added a missio -c itical healthca e asset with publicly t aded co po ate backi g to the excha ge. The p ope ty is leased to Lo gview Medical Ce te , L.P. a d gua a teed by Commu ity Health Systems, I c. (NYSE: CYH), a atio al healthca e ope ato with 64 affiliated hospitals, mo e tha 900 sites of ca e, a d $12.5 billio i FY2025 eve ue.
The f eesta di g eme ge cy ce te featu es a absolute NNN lease with app oximately 11.7 yea s emai i g a d o la dlo d espo sibilities, p ovidi g the clie t with lo g-te m i come backed by a majo atio al healthca e system.
Cali Coffee | Coco ut C eek, Flo ida
The Cali Coffee acquisitio p ovided exposu e to a 2025-co st uctio asset withi a la ge Sp outs-a cho ed developme t i the South Flo ida ma ket. The d ive-th u sits at Lyo s Road a d Coco ut C eek Pa kway a d be efits f om the su ou di g etail developme t, st o g t affic cou ts, a d de se demog aphics.
The p ope ty featu es a absolute et lease with o la dlo d obligatio s, app oximately 14 yea s of emai i g te m, a d 10% e tal i c eases eve y five yea s. The ewly co st ucted p ototype also ca ies a 20-yea oof wa a ty, fu the suppo ti g the passive atu e of the i vestme t.
Togethe , the th ee acquisitio s allowed Fe ito a d Wiste to help thei epeat clie t complete his 1031 excha ge while upg adi g i to a dive sified po tfolio of passive et lease i vestme ts ac oss Texas a d Flo ida.
The t a sactio ep ese ts the latest assig me t completed by Fe ito a d Wiste fo the epeat clie t a d highlights NX3 Comme cial G oup’s ability to sou ce, st uctu e, a d execute multi-p ope ty 1031 excha ges ac oss ma kets while tailo i g each acquisitio to the clie t’s lo g-te m i vestme t objectives.
“Josh ea ed this p omotio o executio ,” said Robe t Zah alba , Head of Natio al Net Lease a d co-ow e of NX3 Comme cial G oup. “Seve closi gs a d mo e tha $20 millio i volume so fa this yea , with epeat clie ts comi g back fo the ext assig me t. That is the busi ess we a e buildi g he e.”
“Multi-p ope ty excha ges a e whe e b oke age gets tested, a d this o e closed clea ac oss two states,” said Luke Thomso , P eside t, co-ow e a d qualifyi g b oke of NX3 Comme cial G oup. “Josh a d Matt ha dled it the way we expect ou team to ha dle eve y assig me t, a d the clie t’s esults speak fo themselves.”
About NX3 Comme cial G oup
NX3 Comme cial G oup LLC is a atio al et lease i vestme t sales b oke age headqua te ed i Fo t Laude dale, Flo ida. The fi m advises p ivate capital, family office, a d 1031 excha ge clie ts o the acquisitio a d dispositio of si gle-te a t a d multi-te a t et leased eal estate atio wide.
https:// x3comme cialg oup.com/
Disclaime : Josh Fe ito is a lice sed Flo ida Real Estate Sales Associate with NX3 Comme cial G oup LLC, a lice sed Flo ida eal estate b oke age. “Vice P eside t, I vestme t Sales Team” is a i te al team desig atio a d does ot de ote a office o ow e ship positio with the b oke age. T a sactio details a e fo i fo matio al pu poses o ly a d do ot co stitute a offe to sell o a solicitatio of a offe to buy.
