Monomoy CRE
Full-service real estate solutions for industrial properties.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $100m | Debt | |
| Total Funding | 000k | ||
Monomoy CRE, LLC is a full-service real estate services company operating as a subsidiary of Great Elm Group, Inc. (NASDAQ: GEG), an alternative asset manager. The company functions as a private Real Estate Investment Trust (REIT) focused on single-tenant net-leased industrial properties throughout the United States, particularly in critical markets with economic growth. Monomoy's portfolio includes Class A, B, and C properties used for equipment rental, building supply, manufacturing, warehousing, distribution, and logistics.
The firm provides comprehensive solutions for its tenants, encompassing property management, real estate investments, construction, and development. Monomoy's business model is tenant-centric, aiming to build long-term relationships by managing all real estate needs, such as site expansions, maintenance, land acquisition, and build-to-suit projects. This approach allows tenants to concentrate on their core business operations. The company's revenue model includes generating fees from construction consulting and build-to-suit projects.
A significant development occurred in February 2025, when parent company Great Elm Group acquired the assets of Greenfield CRE, Monomoy's general contractor partner, to form Monomoy Construction Services, LLC (MCS). This vertical integration combined Greenfield's construction talent with Monomoy's existing civil engineering and land planning capabilities. The move created a full-service platform offering project management, procurement, construction management, and asset management. The transaction was part of GEG's strategy to enhance its real estate franchise by bringing its contractor partner in-house, aiming to increase fee revenue and lower execution costs. Brandon Finomore, the former President of Greenfield CRE with over 20 years of experience, was appointed to lead MCS, working alongside Monomoy's President, Chris Macri.
Keywords: industrial real estate, net lease, property management, construction services, real estate investment, asset management, build-to-suit, REIT, tenant solutions, commercial properties