How does a build-to-suit project work?

EPRT is presented with a target location by a developer or operator, along with an estimated land cost (which EPRT can also assess) and a development budget. Typically, EPRT covers the costs for land, construction (hard costs), and most soft costs, while the Partner is responsible for FF&E. The project is financed through the land purchase at closing and scheduled construction draws until completion.
Note: EPRT does not handle site selection, project management, or developer choice; our role is focused on funding the project, confirming valuations, and overseeing the diligence and closing processes.