I had the pleasure of selling Fabyan Randall Plaza to NetCo in 2016. Their professionalism was evident from day one and continued through contract negotiations to closing. They were an honest buyer and displayed the integrity you hope for on the other side of the table. Specifically, Ray Bayat’s industry knowledge was obvious, but what I remember most is his character. To this day he displays a daily initiative to improve himself professionally, and more importantly personally. I would absolutely recommend transacting with NetCo.
Vice President & Head of Transactions
I had the pleasure of dealing with Ray and NetCo as we negotiated the sale of a Wal-Mart building in Hanford, CA. I represented Wal-Mart as its Senior Real Estate Manager and Ray represented NetCo in the successful transaction. Ray is a real estate professional who understands what it takes to put such deals together and close on them.
RG Real Estate Services, Inc.
I met Ray and NetCo when we were negotiating for the sale of a shopping center. NetCo Investments was the purchaser, and I was representing the seller. I was most impressed with Ray's understanding and ability to assess the financial health of the tenants and center as a whole. NetCo ran one of the most thorough due diligence operations that I have seen, and their ability to digest and use the information in the negotiation process was most impressive. I would certainly have no hesitation recommending NetCo. They were professional, tenacious, and knowledgeable with respect to all aspects of the transaction.
Commercial Real Estate Attorney
We recently sold NetCo a Trader Joe’s/Walgreen’s anchored shopping center, and it was one of the more enjoyable transactions that I’ve ever facilitated. We represented the seller and NetCo was our buyer. We ran a very competitive sales process, and once we awarded the deal to NetCo, Ray and his team were tremendous: they were professional, transparent, and timely. Ray did everything he said he was going to do…and more. I recommend working with NetCo in every possible opportunity, and I look forward to transacting with Ray/NetCo again in the near future.
NetCo purchased a shopping center in a transaction where I represented the seller. NetCo performed in the appropriate time frame and paid the price at which they originally contracted. NetCo’s lender relationships were (and are) sound and their knowledge of all of the pieces of the transaction was superior. NetCo orchestrated the process like a lifelong conductor by bringing all of the pieces together in a seamless process which resulted in a smooth transfer of ownership. Additionally, I have watched NetCo post-closing as it relates to managing and leasing the properties they own. In all of their properties, NetCo’s team has a keen knowledge of every single tenant and their business model. This knowledge of who is thriving and who is struggling gives him the ability to negotiate renewals in an informed manner. This information also allows NetCo to bring tenants to the property that are synergistic with existing tenants, which helps the entire center to perform better. NetCo is a pleasure to watch and to do business with. I would advise a seller to choose NetCo as a buyer again without hesitation.
I have known and worked with Ray Bayat and his team for over 15 years. In that time, I have assisted NetCo Investments, Inc. in the acquisition of several value-add retail centers involving complex redevelopment along with new construction. These projects involved negotiating lease terms for new anchor tenants (grocery and national credit), city approvals for the project and negotiating with neighboring property owners for items such as CC&R changes, new easements for better access and successfully encouraged adjacent owners to upgrade their properties to increase overall value. NetCo has successfully managed these complexities in every instance because of the solid team, with each member having unique skills to apply to the project. NetCo has shown an incredible ability to work with multiple constituents and entities to achieve mutually desired outcomes. Ray particularly brings a sense of calm, patience combined with a level of urgency that keeps projects ahead or on schedule. At the end of every project, I have been involved in, all those involved feel great about the project, the process, and the culture that NetCo creates that is collaborative with all involved. With the past demonstration of excellent results, I feel confident in recommending NetCo for complex shopping center acquisitions of institutional quality.
Mark Denholm, CCIM, MBA
ProEquity Asset Management
NetCo recently bought a shopping center that I was representing. I have to say that NetCo’s underwriting was extremely thorough and comprehensive. There is no doubt that their detailed analysis and understanding on the property's issues allowed for the transaction to occur. I was impressed with NetCo’s execution from the initial offer through closing.
The CBRE Albuquerque Retail Investment Team of Jim Dountas, Jeremy Nelson and Lia Armstrong recently had the pleasure of working with NetCo Investments and their Principal, Ray Bayat, as the buyer of our listed property in Albuquerque, New Mexico. Ray and the entire ream at NetCo proved to be one of the best most professional investors we have encountered. Showing an exceptional level of attention to detail, consistent, timely, honest and respectful communication and precise underwriting raised our seller's and brokerage teams comfort level to new heights. From the instance we began the process with NetCo, it was abundantly clear that they had invested a considerable amount of time into the pursuit of the property on the front end which allowed us to deliver a surety of closing to seller putting them at ease and making the sale process very seamless.
Senior Vice President
CBRE Capital Markets
NetCo's team performed extremely well on a recent transaction we worked on earlier this month. We did not experience any delays or issues working together to close on a difficult asset. The Team followed through and executed on everything that they said they were going to do. I look forward to working with NetCo in the future.
First Vice President
I recently worked with NetCo on the company's acquisition of a former Mervyn's property in Central CA. NetCo communicated well and often, did what they said they were going to do, and was highly professional throughout the purchase/sale negotiation process and the escrow. NetCo is a very capable developer/investor. It was a pleasure to work with NetCo, and I hope to have the opportunity to do so again at some point in the future.
Commercial Retail Associates
Just closed escrow on a vacant Kmart building in a small California trade area with NetCo Investments, Inc. as the buyer. Ray and his group purchased the building and were prominent in the re-leasing of more than 1/2 of the building to a credit tenant prior to the close of escrow (less than 6 months from the initiation of this endeavor). In 30 years in the business, having closed more than 800 lease and/or sale transactions, I have never been part of a smoother transaction. NetCo’s acquisition prowess, access of capital markets, ability to interact with a sophisticated replacement tenant are "Best-of-Class.
I would like to recommend NetCo Investments from my experience in their acquisition of a 21,952 SF anchor building in a shopping center on W. Holt Blvd., Ontario, CA. It was a pleasure to work with people who stay on top of the various items that come up in the sale of a property. They completed all actions required in the escrow within or earlier than the specified time. Again, I highly recommend them and their business ethics.
Senior Vice President
It was a pleasure working with NetCo Investments due to their dedication and persistence in completing a very complicated REO transaction. Their high level of expertise during the due diligence period allowed for the transaction to continue. I would recommend NetCo and personally thank Ray for the opportunity to work with him.
I have worked with NetCo Investments, Inc. for the past eight years. In that period of time, we have assisted in financing numerous retail properties, both acquisition and refinance. All acquisitions were value-add retail centers which NetCo improved the property & leased up to stabilization, exceeding expectations. In this process, to NetCo’s credit, strong relationships, have been developed with numerous lenders and real estate professionals who all recognize and appreciate NetCo’s professionalism, integrity and commitment to performance. I highly recommend NetCo Investments, Inc.
Senior Vice President
We have done multiple transactions where we provided financing for NetCo’s commercial real estate investments and have been very pleased with the outcomes in all cases. NetCo performed exceedingly well and with a high degree of professionalism. We have always enjoyed working with NetCo and look forward to our continued relationship with the team. NetCo’s vision and can-do attitude are an inspiration. I look forward to watching their continued success.
NetCo and it’s team under the leadership of Ray Bayat is where the cultures of Gandhi and Ali come together. Amazing leadership, persistance & culture with the passion, drive & focus of a winning fighter. The NetCo team is able to consistently succeed where others fail.