JRW Investments was formed in 2003 by Warren Thomas to provide investors with rigorously underwritten, tax-efficient access to commercial real estate, particularly for like-kind exchanges under Internal Revenue Code Sections 1031 and 1033. Over time, the firm built a due-diligence platform and advisory practice that sources sole-ownership net-lease assets and securitized real estate programs such as Delaware Statutory Trusts (DSTs) and 721 exchange paths into REIT operating partnerships. Today JRW focuses on necessity-based retail and healthcare net-lease properties as well as grocery-anchored shopping centers through relationships with sponsors and affiliated platforms. JRW’s core business is advising and placing client capital into diversified, long-duration net-lease portfolios and select value-add opportunities, emphasizing investment-grade credits and predictable cash flows. It leverages affiliated brokerage JRW Realty to source properties nationally and execute acquisitions quickly, often on an all-cash basis. Through sponsor relationships, investors gain exposure across dozens of states; recent transactions show recurring activity in Texas and Florida as well as Midwestern and Mid-Atlantic markets, reflecting JRW’s preference for resilient trade-area demand and long-term leases. Top customer exposure within affiliated portfolios includes Tractor Supply (more than 100 net-leased assets as of late 2024), along with tenants such as Dollar General, CVS Health, Walgreens, Walmart Neighborhood Market, Sprouts, WellMed, and Hy-Vee. JRW’s approach concentrates in necessity-based retail and healthcare operators with multi-state footprints; geographic coverage is broad dispersion across the U.S., though individual portfolios can be overweight to states like Texas and Florida depending on recent acquisitions.