Property details
Oklahoma city, oklahoma
Heartland Payment Systems Corporate Headquarters
Investment type
Net Lease
Asset Class
Office
Ownership Structure
Delaware Statutory Trust (DST)
Year Acquired
2022
Investment Summary
An approximately 111,500 square foot, Class A office building that is 100% net leased to Heartland Payment Systems as its corporate headquarters.
Heartland Payment Systems is a subsidiary of Global Payments, one of the largest payment processors in the United States. Heartland is a financial technology company focused on efficient and secure payment processing and payroll services. Heartland’s products include point of sale systems (POS), online and mobile payments, HR tools, customer engagement efforts, and capital lending.
The Property serves as Heartland’s corporate headquarters, housing Heartland’s CEO and full executive team as well as its product development, marketing, payroll, human resources, training, finance, legal, sales operations, business support, IT, and communications departments.
Syndicated structured its acquisition as a Delaware Statutory Trust (DST) to accommodate investors completing a Section 1031 Exchange.
