Key Takeaways
- • Orion Real Estate Group and Secure Properties launched Orion Pro Fund 2026, LP, a private vehicle targeting up to $200 million in equity to support over $500 million in net-lease investments.
- • The fund is offered to accredited investors and focuses on income-producing single-tenant net lease assets with components eligible for 100% bonus depreciation under the One Big Beautiful Bill Act.
- • Sponsors cite a sourcing network in car wash, gas station and oil change assets, including more than 100 car wash locations and 70 eligible convenience stores acquired over the past three years.
- • Fund advisor SURMOUNT reports advising on more than $6 billion in bonus depreciation-eligible automotive services asset sales and a share exceeding 70% of total car wash transactions in 2025.
- • The offering is private and illiquid, made only through a confidential offering memorandum, and the sponsor warns that projected tax outcomes and returns are not assured.
Summary
Orion Real Estate Group and Secure Properties announced the launch of Orion Pro Fund 2026, LP, according to a Business Wire release dated August 4, 2026. The vehicle is designed to give accredited investors access to income-producing net lease real estate with components eligible for 100% bonus depreciation under the One Big Beautiful Bill Act. The sponsors position the strategy as pairing near-term tax advantages with the cash flow characteristics of single-tenant net lease property.
The fund seeks to raise up to $200 million in equity and deploy over $500 million into eligible net lease investments. The sponsors, together with fund affiliate and advisor SURMOUNT, have identified an initial eligible portfolio and expect to add further eligible net-lease properties through the year. The release describes the initial portfolio and pipeline as opportunities with potential to scale, not as committed acquisitions.
The sponsors cite relationships across automotive services and convenience retail, including car wash, gas station and oil change assets. They report acquiring more than 100 car wash locations and 70 eligible convenience stores over the past three years. Kevin Sanz, President of Orion Real Estate Group, said the platform sources opportunities through relationships in the net lease sector. Brian Mansouri, Managing Principal at Secure Properties, cited the firm's focus on high-quality net lease property across market cycles. The sponsors say they have acquired more than $1 billion through similar vintage funds and more than $3 billion in similar transactions since 2018, with experience in sale-leasebacks, portfolio acquisitions and single-tenant investing across the United States and Canada.
SURMOUNT, described as the fund advisor, reports advising on more than $6 billion in bonus depreciation-eligible automotive services assets and more than 70% market share of total car wash transactions in 2025 by volume and property count. Glen Kunofsky, CEO and founder of SURMOUNT, said the restoration of 100% bonus depreciation created a window for investors to capture tax benefits alongside income-producing real estate.
The offering is made only by confidential offering memorandum to qualified investors, and the interests are unregistered under the Securities Act of 1933. The release states that interests are illiquid, transfer-restricted and carry risk of loss of principal, that past performance does not indicate future results, and that tax outcomes are forward-looking and should be confirmed with independent advisors.
The fund seeks to raise up to $200 million in equity and deploy over $500 million into eligible net lease investments. The sponsors, together with fund affiliate and advisor SURMOUNT, have identified an initial eligible portfolio and expect to add further eligible net-lease properties through the year. The release describes the initial portfolio and pipeline as opportunities with potential to scale, not as committed acquisitions.
The sponsors cite relationships across automotive services and convenience retail, including car wash, gas station and oil change assets. They report acquiring more than 100 car wash locations and 70 eligible convenience stores over the past three years. Kevin Sanz, President of Orion Real Estate Group, said the platform sources opportunities through relationships in the net lease sector. Brian Mansouri, Managing Principal at Secure Properties, cited the firm's focus on high-quality net lease property across market cycles. The sponsors say they have acquired more than $1 billion through similar vintage funds and more than $3 billion in similar transactions since 2018, with experience in sale-leasebacks, portfolio acquisitions and single-tenant investing across the United States and Canada.
SURMOUNT, described as the fund advisor, reports advising on more than $6 billion in bonus depreciation-eligible automotive services assets and more than 70% market share of total car wash transactions in 2025 by volume and property count. Glen Kunofsky, CEO and founder of SURMOUNT, said the restoration of 100% bonus depreciation created a window for investors to capture tax benefits alongside income-producing real estate.
The offering is made only by confidential offering memorandum to qualified investors, and the interests are unregistered under the Securities Act of 1933. The release states that interests are illiquid, transfer-restricted and carry risk of loss of principal, that past performance does not indicate future results, and that tax outcomes are forward-looking and should be confirmed with independent advisors.
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