Peter, and a significant Thank apply on closing made an investments us accretive new leasebacks, for during of environment enabling cap quarter, good in progress pressure sale We you, to remains second volume construct the morning, upward everyone. that rates. good
as the same-store by the sector. lagged in rent contractual cooling, as on growth, increases. driven remains continue strength group well rent rents among the fixed growth rent even leading also impact net to Our CPI lease though expect the best of And we is inflation the our and peer of
the lease various in half are constrained. both confidence competitive morning, our talk giving ability in the us, we're activity positioned a through maturities, to and briefly little our recent even net of continue how our the to markets the uniquely sources investing investment and and our capital This about debt near-term within position available of manage if I'll us recap second sector year capital
for results, the morning Asset Head call sheet balance of full our President; will positioning. our Management; second Toni our year, John our expectations the who CFO, also review I'm Gordon, joined take Sanzone, Park, and to are by this quarter Brooks questions. and available and on
conditions Europe, XX the to market slowdown given wide during continues we months, second be in were In region in in in last year. saw that those the generally a resulting earlier there investment interest Transaction a continuation rise the over steep rates in bid-ask spreads. quarter the activity of
pockets the capital as out buyers, next cap to Although have our capitalize we higher of them to lagged given that well expect the rates in continue positioned and position the find strong competitive sellers to rate which adjust over demands market cap we in on months to XX to deploy. play we we're Europe, of to have opportunity, six and
accounts investment more North with we large our for of year-to-date, which In majority million earnings announced in including contrast, America, and volume April, rates cap last discussed are call. on sale leaseback Apotex I in our $XXX the attractive the industrial
using sale-leasebacks attractive by available sponsors part the third to competitive warehouse and ones increases with As large good own as now it said corporate industrial. including our serves to balance acquisitions advantage of being we further with as ranks a overall allocation I sheet. opportunities private fund by our as have as stack entirely able our Apotex to tenant transactions and largest the and as example of capital us partnering well the equity then,
industry the global sale Another leading auto supplier the notable second for Technologies, million $XX with existing tenants. of completed in quarter the into ABC, lease also us most enabled on term top existing tenant, we And America. transaction XX nine industrial portfolio. moves it to our ABC an in to portfolio a ABC investment with properties is transaction was North a our extend an and leaseback recent the also
transactions, of relationships driven of including we've sponsors our The important new alternative sources deal year-to-date worked end sale of before, with firms equity current with our leasebacks. flow. tenants capital, are as source Follow came sponsor private explore an expand equity us investment from by existing captive sponsor to increasingly private with Apotex. environment or either largely volume has allowed Majority relationships,
basis completed weighted We the the for at average our points for be investments the investments average quarter, X.X%, half second to million cap million completed volume first over of during rate totaling a year. last same $XXX $XXX bringing the year, investment of the XXX the period above
lease to have sale transact on industrial such the volume leasebacks, to of in we've large the the more at commodity of rates represent year. areas of market While move, attractive retail, been warehouse and investment as our during which slow certain majority cap especially half the first net able cap been rates,
environment to actively lending the of rates to and lack dynamic, the buyers explore to expensive competitive while over credit due proceeds position sale-lease slowed backs the our push strengthen the significant transaction corporate And net best, with a deals. with ability corporate continues lease XX more This alternatives attractive given higher. have chasing we tighter last bank use of generally markets to We've capital and credible months, to also fewer seen sellers continue cap coupled market. funding have available large
market we forgo are of which to to come with terms. deals better willing also the spread, back are some with We seeing insufficient
new Today, than In taking have going and to Xs, historically. in growth achieving translates we're cash rent Xs long-term we're IRRs rates able deals, focused the the account growth the Xs achieve which we're we in the unlevered with on rent to into into deals higher leases. in our cap over
the year. XXXX to bumps to fixed of to outlook over accretively increases compared the deploy We, capital had rent win under have completed half just a cost rent therefore, positive ability X% For with to second on averaging first averages our example, and X%. generate half in spread around the comfortable deals historical a of capital and our of deals continue
our Moving where of ability can in quickly. now we've flexibility from diverse change to recent raise capital well-priced particularly The markets years, important an is balance sources. capital sheet capital to raising. our an demonstrated In strength, environment
to As of an fund average by while price at half positioned. leverage. we That our guidance with volume unsettled into $XX capital equity, we're per with share. feel still contemplated million asset how raised we over remaining equity, ahead over planned very capital us forward the XXXX, have along to needs provides investment conservative of our sales, second maintaining XXXX We approximately positive and from about look required proceeds the the $XXX
a we the have us the of our years, next portion around debt maturing with in Our And X/X. with liquidity. $X.X two total X.X facility revolving over billion combination significant provides loans, credit represents term significant
our facility debt. Given rate have extend recast are through from our already standard the bank recent end interest we our floating that a flowing increases credit portion strong the expense towards rate, support of group, to is year. through on interest maturity we our on And this it the expect maturing because fully of
profile. rated recent the we and enhance believe market although find to unsettled, credit in presence our Our issue highly REIT. where a remain opportunity bonds and we debt And BBB+ strong both a we'll upgrades new to U.S. markets BaaX Europe, to windows maintain of as continue
the help it next sources Finally, it's depending needs, environment. advantage the given several evolve, capital internal a and other on useful conditions be years. that how important capital we And to uncertainty rate to over our markets of the especially market mitigate capital meaningful capital that in the interest have competitive has note current few potential
$XXX exercise be which given As around repurchase currently U-Haul the the option we million coming quarter have first the year, the of portfolio, the we estimate on we of previously properties. discussed, to proceeds those back in from next
our also asset as sales. among source substantial of operating the approaching Operating continue $X.X billion. capital liquid estate portfolio has value current we a through market, And various for options We portfolio in self-storage explore properties to assets of more real self-storage including the assets. a our are believe
also proceeds sometime a presently $XXX that sell sheet becomes to million, value us noncore is company, to large We public Lineage investment a the highly a accretively. to our is a fair expect dividend. of at we Lineage reinvest which paying currently not in after around Logistics, allowing balance holding continue on This a hold
to it upcoming years. of are we're source capital aggregate, us if making potential visibility confidence few totaled the In sources to of capital billion well even over over that not timing, well next another While the constrained. into continue we potential have meaningful these traditional capital our do giving of managing any has positioned and sources debt be $X investments maturities,
over to call the Toni. pass I'll that, with And
