EGM was established to continue and improve upon the success of ECM. The following summarizes certain information regarding the historical ECM funds. The investments described may not prove to be indicative of the actual business and operations of EGM.
ECM Diversified Income & Growth Fund was formed in 2005. ECM DIG was formed to invest in up to $500 million in institutional grade commercial real estate net leased primarily to single tenants with high or investment grade credit ratings. The Fund invests in net leased real estate assets, diversified by property type, industry, and geographic location, that it believes have: (i) not experienced the significant institutional participation or corresponding yield reduction of larger income producing properties; and/or (ii) have the potential for income growth and capital appreciation as a result of built-in rent escalations or potential upgrades in its tenants’ corporate credit over the term of the investment. The properties were opportunistically sold in 2008 and 2011.