Compass Financial Management LLC Purchases Shares of 81,629 NewLake Capital Partners, Inc. $NLCP

Compass Financial Management LLC acquired a new stake in shares of NewLake Capital Partners, Inc. (OTCMKTS:NLCP) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 81,629 shares of the company’s stock, valued at approximately $1,303,000.

NewLake Capital Partners Stock Up 0.1%

Shares of NLCP opened at $16.02 on Friday. The firm’s 50 day moving average is $15.69 and its 200-day moving average is $15.25. NewLake Capital Partners, Inc. has a 12-month low of $12.09 and a 12-month high of $16.75.

NewLake Capital Partners Profile

NewLake Capital Partners, Inc is a publicly traded real estate investment trust that focuses on the acquisition, development and operation of self-storage properties across the United States. Established in the mid-2010s, the company seeks to generate stable, long-term cash flows through a portfolio of facilities that serve both individual and commercial customers. By structuring investments through its operating partnership, NewLake delivers a REIT structure to investors while maintaining operational flexibility on the ground.

The company’s core activities include identifying value-add or newly developed self-storage facilities in growth-oriented markets, negotiating acquisitions or ground leases, and overseeing construction or renovation.