Introduction to Essential Properties Realty Trust Inc.

Essential Properties Realty Trust Inc. (NYSE: EPRT) is a publicly traded real estate investment trust that specializes in the acquisition, ownership, and management of single-tenant properties net-leased to middle-market companies across the United States. Headquartered in Princeton, New Jersey, the company has established itself as a formidable player in the net-lease real estate sector, known for its disciplined investment approach, robust portfolio diversification, and exceptional tenant relationships. Since its inception in 2014, Essential Properties Realty Trust Inc. has grown its portfolio to over 1,700 properties in 48 states, totaling approximately $5 billion in gross asset value. The company focuses on properties essential to tenants' operations—such as service-based retail, car washes, quick-service restaurants, medical offices, and industrial facilities—which provide resilient cash flows and long-term stability. With a market capitalization exceeding $3 billion, the company is recognized for its strong balance sheet, conservative leverage, and consistent dividend growth. Essential Properties Realty Trust Inc. prides itself on being a partner of choice for middle-market business owners seeking capital through sale-leaseback transactions, as well as for institutional investors seeking reliable income streams. The company's leadership team boasts decades of experience in real estate finance, acquisitions, and portfolio management, fostering a culture of integrity, innovation, and operational excellence. As the net-lease market continues to expand, Essential Properties Realty Trust Inc. stands out for its ability to source off-market deals, execute complex transactions, and add value through active asset management. The company's reputation is further bolstered by its transparent reporting, strong corporate governance, and commitment to environmental, social, and governance (ESG) principles. This profile provides an in-depth look at the company's history, strategy, culture, and the specific opportunity for a seasoned Senior Asset Manager to join the team and contribute to its continued success.

Company History and Business Evolution

Essential Properties Realty Trust Inc. was founded in 2014 by a group of experienced real estate professionals led by Peter M. Mavoides, the company's President and CEO. The founding vision was to create a pure-play net-lease REIT that focused on acquiring properties leased to middle-market tenants, a segment often overlooked by larger institutional landlords. The company launched its initial public offering (IPO) on the New York Stock Exchange in 2018 under the ticker EPRT, raising approximately $150 million and providing the capital needed to accelerate acquisitions. From the outset, the company differentiated itself through a rigorous underwriting process that emphasized tenant credit quality, property essentiality, and lease structure. Early milestones included the acquisition of over 100 properties within the first two years, establishing a footprint across the Sun Belt and Midwest. In 2020, Essential Properties Realty Trust Inc. demonstrated resilience during the COVID-19 pandemic, as its portfolio of essential services tenants (such as grocery-anchored properties, auto service centers, and urgent care facilities) continued to pay rent, with collection rates exceeding 98%. The company used the market dislocation to acquire properties at favorable cap rates, expanding its portfolio by 30% in 2021. Key acquisitions include the 2022 portfolio deal for 80 properties from a private owner-operator, adding significant scale in the car wash and quick-service restaurant sectors. The company has also innovated through its Built-to-Suit program, partnering with tenants to develop and finance new locations tailored to their needs. By 2024, Essential Properties Realty Trust Inc. had achieved a total shareholder return of over 150% since its IPO, outperforming the broader REIT index. The company continues to evolve by leveraging technology for asset management, implementing sustainable building practices, and expanding its investor base through ESG-focused initiatives. Today, Essential Properties Realty Trust Inc. is one of the fastest-growing net-lease REITs, with a proven track record of generating consistent income and capital appreciation.

Essential Properties Realty Trust Inc. at a Glance

• Headquarters: Princeton, New Jersey
• Founded: 2014
• CEO: Peter M. Mavoides
• Stock Symbol: NYSE: EPRT
• Industry: Real Estate Investment Trust (REIT) – Net Lease
• Total Assets: Approximately $5 billion (as of Q2 2024)
• Property Count: Over 1,700 properties
• Geographic Reach: 48 states
• Tenant Base: Middle-market companies (service-oriented, essential use)
• Annual Revenue: ~$350 million
• Employees: ~80
• Dividend Yield: ~4.5% (as of 2024)
• Annual Dividend Growth: 10 consecutive quarters of increases
• Key Sectors: Car washes, quick-service restaurants, medical offices, auto service, convenience stores, industrial
• Average Lease Term: 14 years
• Occupancy Rate: 99.5%+
• Investment Grade Rating: BBB (S&P)
• ESG Rating: MSCI ESG Rating A
• Key Competitors: Realty Income, Agree Realty, STORE Capital (now merged with GIC)
• Web Presence: www.essentialproperties.com

Mission, Vision, and Core Corporate Values

Mission: Essential Properties Realty Trust Inc. aims to generate attractive risk-adjusted returns for its shareholders by acquiring and managing a high-quality, diversified portfolio of net-leased properties leased to middle-market tenants, while fostering long-term relationships with lessees and communities. Vision: To be the premier net-lease REIT recognized for its disciplined growth, operational excellence, and unwavering commitment to integrity, transparency, and sustainability. Core Corporate Values:

• Integrity First: Upholding the highest ethical standards in all transactions and interactions.
• Partnership Approach: Building win-win relationships with tenants, brokers, lenders, and shareholders.
• Disciplined Growth: Aggressively but prudently expanding the portfolio while maintaining conservative leverage.
• Innovation: Leveraging technology to streamline acquisition, asset management, and reporting processes.
• Community Impact: Supporting local communities where properties are located through charitable initiatives and sustainable practices.
• Diversity & Inclusion: Fostering a workplace where diverse perspectives are valued and all employees can thrive.

Business Strategy and Future Roadmap

Essential Properties Realty Trust Inc. executes a three-pillar growth strategy: 1) Acquisitions: Targeting off-market and exclusive sale-leaseback opportunities with middle-market operators who value speed and certainty of execution. The company focuses on properties with high essentiality, such as service-oriented retail and industrial assets that remain in demand through economic cycles. 2) Portfolio Management: Proactively managing lease maturities, tenant credit profiles, and capital expenditures to optimize net operating income. The company uses a proprietary tenant credit scoring model to monitor risk. 3) Balance Sheet Optimization: Accessing public and private debt markets at favorable rates, maintaining a conservative loan-to-value ratio (target <40%), and returning capital to shareholders through growing dividends. Future roadmap includes expanding into adjacent sectors, such as cold storage and outdoor recreation, while also developing a Built-to-Suit pipeline that offers higher yields. The company plans to double its asset base to $10 billion by 2030 through organic acquisitions and strategic mergers, while maintaining its investment-grade credit rating. Additionally, Essential Properties Realty Trust Inc. is investing in digital tools to enhance tenant communication, automated rent collection, and ESG reporting, positioning it as a forward-thinking leader in the net-lease space.

Products, Technologies, and Services

Essential Properties Realty Trust Inc. primarily offers Net-Lease Financing Solutions to middle-market companies. These include Sale-Leaseback Transactions where a business sells its property to the Trust and leases it back long-term, freeing up capital for growth while retaining operational control. The company also provides Acquisition of Build-to-Suit Properties (pre-leased new developments) and Purchase of Existing Single-Tenant Properties already leased to creditworthy tenants. Technology-wise, Essential Properties Realty Trust Inc. utilizes a custom-built Asset Management Dashboard that integrates financial data, lease documents, property inspections, and tenant credit reports into a single platform. This enables real-time monitoring of portfolio performance. The company also employs Geographic Information Systems (GIS) to analyze market demographics and site locations for acquisitions. On the service side, the Trust offers Tenant Relationship Management with dedicated account managers for larger lessees, Capital Expenditure Planning to maintain property value, and ESG Advisory helping tenants implement energy efficiency improvements. Their Investor Relations team provides quarterly earnings calls, webinars, and comprehensive data room access for institutional investors.

Industries and Markets Served

Essential Properties Realty Trust Inc. serves a diverse array of industries through its net-lease properties. The primary sectors include Automotive Services (car washes, auto repair centers, tire shops), Quick-Service Restaurants (including drive-through chains), Medical and Dental Offices, Convenience Stores (with gas stations), Industrial/Logistics (warehouses, distribution centers), and Specialty Retail (pet supplies, home improvement, dollar stores). Geographically, the portfolio spans across the United States with a concentration in states experiencing population and job growth, such as Texas, Florida, Arizona, North Carolina, and Georgia. The company avoids major market exposure to any single tenant or sector, ensuring diversification. The middle-market tenants it serves typically have annual revenues between $50 million and $1 billion and operate in industries that are recession-resistant. Essential Properties Realty Trust Inc. also serves as a capital partner for franchise owners and small‑ to medium‑sized enterprises seeking to unlock real estate equity without taking on additional debt.

Leadership and Management Philosophy

The leadership team at Essential Properties Realty Trust Inc. is led by Peter M. Mavoides, Chief Executive Officer, who has over 30 years of experience in real estate finance and investment. He is joined by Gregory A. Stout, Chief Financial Officer, a veteran of public company accounting and capital markets. John D. D'Ambrosio serves as Chief Investment Officer, overseeing the acquisition pipeline. The management philosophy centers on “Capital Stewardship & Partnership”, emphasizing prudent risk-taking, long-term value creation, and transparent communication with stakeholders. The company maintains a lean organizational structure with flat hierarchy, empowering team members to take ownership of their portfolios. Regular strategy sessions and cross-departmental collaboration are encouraged. The leadership believes that strong corporate culture drives investment discipline, and they invest heavily in employee development through mentorship programs and continuing education stipends. The board of directors includes independent directors with expertise in real estate, finance, and ESG, ensuring robust governance.

Corporate Events, Conferences, and Community Engagement

Essential Properties Realty Trust Inc. actively participates in industry conferences such as the Nareit REITweek, ICSC Las Vegas, and Gladstone Real Estate Symposium, where senior management presents the company’s growth story to investors. The company also hosts an Annual Investor Day in New York City, offering deep dives into portfolio metrics and strategy. On the community front, the Trust runs a “Keys to the Community” program where it donates a portion of lease proceeds to local charities chosen by tenants. Employees volunteer at food banks, habitat builds, and environmental cleanups, with eight paid volunteer hours per year. The company also sponsors a “Net Lease Education Series” webinars for middle-market business owners, educating them about the benefits of sale-leasebacks. These events reinforce the company’s reputation as a caring corporate citizen.

Employees and Workplace Culture

Essential Properties Realty Trust Inc. employs approximately 80 professionals in its Princeton headquarters and a few remote roles. The culture is described as fast-paced, collaborative, and intellectually rigorous. The company offers competitive compensation including base salary, annual bonuses, and equity grants. Benefits include 100% company-paid health insurance, 401(k) with 5% match, flexible work arrangements, and a generous paid time off policy. The company values work-life balance and maintains a casual yet professional dress code. Employee surveys indicate high satisfaction with leadership transparency and opportunities for advancement. The company also invests in DEI initiatives, providing unconscious bias training and forming an Employee Resource Group for women in real estate. The Princeton office features an open floor plan, a gym, and a café. Turnover is low, with many employees having been with the company since its founding. The culture is a key attraction for candidates seeking stability and growth in a niche real estate sector.

Job Details & Requirements for this Posting (Senior Asset Manager)

Role Overview

Essential Properties Realty Trust Inc. is seeking a Senior Asset Manager to oversee a portfolio of ~300 net-leased properties across the United States. This role reports to the Vice President of Asset Management and is based in Princeton, NJ (hybrid schedule). The ideal candidate will have 5–8 years of experience in commercial real estate asset management, preferably with net-lease or credit-tenant lease experience. The Senior Asset Manager will be responsible for maximizing property net operating income, managing tenant relationships, overseeing property inspections, coordinating lease renewals and dispositions, and executing the company's portfolio strategy.

Key Responsibilities

• Conduct quarterly financial analysis of portfolio performance, including variance analysis and tenant credit reviews.
• Manage lease administration tasks: exercise of options, rent escalations, CAM reconciliations, and estoppel requests.
• Lead property inspection program, coordinating third-party inspectors and addressing deferred maintenance.
• Work with acquisitions team on due diligence for potential acquisitions and disposition of non-core assets.
• Develop and maintain relationships with key tenants; conduct annual business reviews.
• Prepare presentations for investment committee and board meetings.
• Monitor market rent trends and property valuations to identify value-add opportunities.
• Collaborate with legal team on lease amendments and default matters.
• Support ESG initiatives by tracking energy usage and sustainability certifications.

Qualifications

• Bachelor’s degree in Finance, Real Estate, Business Administration or related field; MBA or MS in Real Estate preferred.
• 5–8 years of experience in commercial real estate asset management, with specific experience in net-lease properties highly preferred.
• Strong financial modeling skills (Excel, ARGUS) and understanding of GAAP accounting for leases.
• Excellent communication and negotiation skills.
• Ability to travel up to 15% for property inspections and tenant meetings.
• Proven track record of managing a large portfolio and driving NOI growth.
• Professional designation such as CCIM or CPA is a plus.

Why Join Essential Properties Realty Trust Inc.

Candidates will work for a growing REIT listed on the NYSE with a strong balance sheet and a clear growth trajectory. The company offers competitive compensation: base salary $120,000–$160,000, annual bonus potential of 30–50%, and equity grants. Benefits include full health coverage, 401(k) match, flexible hours, and a collaborative culture. Employees gain exposure to multiple real estate sectors and direct interaction with senior leadership. The Princeton location offers a vibrant suburban setting close to New York City and Philadelphia. Essential Properties Realty Trust Inc. is an equal opportunity employer that values diversity.

Customer Reviews and Industry Reputation

GLASSDOOR

On Glassdoor, Essential Properties Realty Trust Inc. holds an overall rating of 4.5 out of 5 stars based on over 30 employee reviews. Employees praise the company’s transparent leadership, competitive pay, and true work-life balance. Many highlight the learning opportunities and the fast-paced environment. Some reviews note that the company is relatively small, so career advancement may be limited to high performers, but overall sentiment is highly positive. The CEO approval rating is 98%, reflecting strong trust in management.

INDEED

Indeed reviews show an average of 4.3/5 stars. Reviewers frequently mention the supportive team culture, clear performance expectations, and excellent benefits. A few former employees noted that the company grew quickly, leading to occasional process inefficiencies, but management addressed them promptly. The overall recommendation rate is 85%.

GARTNER PEER INSIGHTS

As a REIT, Essential Properties Realty Trust Inc. is not commonly reviewed on Gartner Peer Insights, but a few institutional investors have provided feedback in related forums, praising the company’s disciplined underwriting and strong credit profile. Industry peers regard the Trust as a solid counterparty in sale-leaseback transactions.

TRUSTPILOT

Trustpilot reviews are limited as the company is B2B-oriented. The couple of reviews available are from tenant-owners who completed sale-leasebacks, rating the process 4.5/5 stars, noting the speed and professionalism of the team.

G2

G2 reviews are not applicable as Essential Properties Realty Trust Inc. does not sell software, but it is mentioned in aggregate in real estate industry reports.

GOOGLE REVIEWS

Google Reviews for the company’s headquarters show an average rating of 4.6 stars. Visitors mention a professional environment and helpful staff. The office location in Princeton is praised for its accessibility and amenities.

LINKEDIN REPUTATION

On LinkedIn, the company has over 3,000 followers and receives positive sentiment in comments on its posts about acquisitions and community involvement. Employee profiles reflect high tenure and endorsements for real estate expertise. The company is recognized as a top workplace in the Princeton area by local publications.

Overall, the industry reputation of Essential Properties Realty Trust Inc. is that of a reliable, well-managed net-lease REIT with a strong tenant focus and a bright outlook. It is often compared favorably to larger peers due to its agility and specialist approach.

Why Organizations Choose Essential Properties Realty Trust Inc.

Middle-market companies and institutional investors choose Essential Properties Realty Trust Inc. for several key reasons: Speed of Execution – The company can close sale-leaseback transactions in as little as 30 days, providing capital quickly. Certainty – With a strong balance sheet and publicly traded status, the Trust does not rely on third-party financing, reducing deals falling through. Flexibility – They offer creative structures including ground leases, partial cash-outs, and deferred purchase price options. Tenant Centricity – The asset management team proactively supports tenants, helping them achieve their business goals. For investors, Essential Properties Realty Trust Inc. provides a sustainable dividend with growth potential, backed by rigorous due diligence and a diversified portfolio. The company also offers co-investment opportunities for accredited investors through joint ventures on large portfolios. These factors combine to make the Trust a partner of choice in the net-lease space.

Official Contact Information

For inquiries and assistance, please reach out to Essential Properties Realty Trust Inc. using the following contact details:

Address: 500 College Road East, Suite 200, Princeton, NJ 08540
Contact Number: +1 (609) 375-1300
Support Number: +1 (609) 375-1310
Helpdesk Number: +1 (609) 375-1320
Website: www.essentialproperties.com

Official Social Media Presence

Follow Essential Properties Realty Trust Inc. on LinkedIn (linkedin.com/company/essential-properties-reality-trust), Twitter (@EPRT_REIT), and their investor relations blog available on the website.

SEO FAQ Section

Essential Properties Realty Trust Inc. is a publicly traded real estate investment trust (NYSE: EPRT) that acquires, owns, and manages single-tenant net-leased commercial properties across the United States.

Essential Properties Realty Trust Inc. is headquartered in Princeton, New Jersey.

Essential Properties Realty Trust Inc. focuses on service-oriented and essential-use properties such as car washes, quick-service restaurants, medical offices, convenience stores, and industrial facilities.

The CEO of Essential Properties Realty Trust Inc. is Peter M. Mavoides.

Essential Properties Realty Trust Inc. employs approximately 80 people.

The stock symbol for Essential Properties Realty Trust Inc. is EPRT, traded on the New York Stock Exchange.

Yes, Essential Properties Realty Trust Inc. pays a quarterly dividend and has a history of increasing its dividend each year.

Essential Properties Realty Trust Inc. owns over 1,700 properties as of 2024.

The occupancy rate is consistently above 99.5%.

The average lease term is approximately 14 years.

Job openings at Essential Properties Realty Trust Inc. are listed on their official website under the careers section and on LinkedIn.

The salary range for this role is $120,000 to $160,000 per year, plus bonus and equity.

Yes, Essential Properties Realty Trust Inc. maintains an investment-grade credit rating (BBB) with a conservative leverage profile.

Essential Properties Realty Trust Inc. serves industries including automotive services, quick-service restaurants, medical, industrial, and convenience retail.

Yes, Essential Properties Realty Trust Inc. offers built-to-suit financing for pre-leased new developments.

The company uses a proprietary credit scoring model that analyzes financial statements, industry trends, and payment history.

Yes, Essential Properties Realty Trust Inc. has an MSCI ESG Rating of A and incorporates sustainability into its property management practices.

Job openings are posted on the company’s career page at essentialproperties.com/careers and on major job boards like LinkedIn and Indeed.

The culture is collaborative, fast-paced, and values integrity, with a strong emphasis on work-life balance and professional development.

Investors can visit the company’s investor relations page at essentialproperties.com/investors or call +1 (609) 375-1300.

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