The Story of a Life Sciences REIT How Real Estate Expert Kendell Lang Pioneered a Billion-Dollar Industry

A convergence of the life sciences, real estate and public capital markets leads to the conception of a billion dollar industry that’s delivering the real estate, construction services and capital that budding medical marijuana businesses need to achieve fantastic heights of success.

The story begins 20 years ago with Kendell Lang as KPMG Peat Marwick’s Managing Director of Corporate Real Estate, a professional service company (providing audit, tax, and advisory services) and one of the “Big Four” auditors, along with EY, Deloitte and PwC. Through this work, real estate expert Kendell Lang saw an incredible opportunity and a convergence of needs across three major sectors: (1) the life sciences, (2) real estate developers and (3) public capital markets. And so, he came up with a brilliant concept and pioneered the development of managing real estate through a Real Estate Investment Trust (REIT) specifically for the life science industry.

The goal behind this endeavor was to bridge the funding gap between investment bankers and developers of startups to provide equity capital.

Brilliant Concept Leads to Billion-Dollar Companies

Life Science companies have capital-intensive real estate requirements that include very expensive tenant improvements. Specialized facilities, laboratory equipment, irrigation systems, security and waste disposal are a mere sampling of the demands of Life Sciences real estate. Real estate developers, however, are simply unwilling to fund these requirements and investment bankers are constantly frustrated with having their Life Science portfolio of startups spend millions of dollars in brand new equity capital on their tenant improvements.

This is where real estate expert Kendell Lang saw incredible opportunity and created a unique business plan. Lang organized the acquisition of the initial portfolio, which ultimately became BioMed Realty Trust, Inc. (NYSE: BMR), a Real Estate Investment Trust or REIT.  Essentially, Kendell Lang was the originator with the ingenuity to develop and manage real estate specifically for the life science industry.

BioMed Realty Trust, Inc. grew and evolved into one of the leading providers of real estate and real estate services to the life science and university communities. From an initial concept seeded by Kendell and keen leadership of the management team, it was proven that a special-purpose REIT was the right vehicle to meet the needs of an emerging market.

In January 2016, BioMed Realty was acquired and taken private by Blackstone Real Estate Partners for $8 Billion, which you can read about here.

Fusion Properties Management Group Is Born

Today, with the rapid expansion of the medical marijuana industry, Kendell Lang saw a similar convergence of needs, where growers require specialized real estate facilities with expensive facility requirements. Fusion Properties Management Group (FPMG) was created to provide the solution.

FPMG acquires, develops, leases and manages indoor growing facilities and greenhouses for state-licensed tenants in the twenty-eight (28) U.S. States and Washington D.C., which have approved the cultivation and manufacturing of medical marijuana and related products. This highly focused business strategy, coupled with Kendell Lang’s management expertise, provides significant benefit to the medical marijuana community. And, of course, all of what FPMG offers to growers is substantially modeled after the work he accomplished over 20 years ago with biotech/life science companies.

Today, FPMG aims to establish a nation-wide portfolio of single purpose real estate for controlled environment agriculture and provide licensed medical marijuana businesses with the real estate, construction services and capital they need to establish and run state-of-the-art growing facilities where they can produce quality products.

Contact Real Estate Expert Kendell Lang

If you are a state-licensed medical marijuana cultivator or manufacturer,
submit your project for consideration. 
Or to learn more about Fusion Properties’ real estate and construction services, contact real estate expert Kendell Lang at +1 760 445 3315 or go to https://calendly.com/kendell-lang to schedule a discovery call.

Kendell Lang
CEO & Principal Investor
FUSION PROPERTIES MANAGEMENT GROUP, INC.
Oriental Center, Suite P1 | 254 Munoz Rivera Avenue | San Juan | Puerto Rico | 00918
Email: ceo@fusionproperties.us
Phone: +1 760 445 3315

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