FLORENS

Florens offers outside investors an opportunity to invest in container portfolios as part of its Managed Container Program ("MCP"). In such an arrangement, Florens works with the potential investor to select a group of containers matching the age and return criteria set by the investor. Once the pool of containers is established, Florens and the investor will determine a price for the equipment and, ultimately, a purchase agreement will be finalized. Concurrently, both parties will set mutually agreeable management fees to be paid to Florens for its services in leasing, monitoring, maintaining and, eventually, selling the equipment. The terms and conditions are spelled out in a management agreement signed by both parties. Florens continues to manage the equipment, as Lessor, from the time of acquisition until such time as the equipment is disposed. Cash is distributed to the investors from the ongoing collection of lease receivables. The management fees earned by Florens are deducted..

Also known as: Florens Asset Management (USA), Limited, Florens Asset Management Company Limited, Florens Container Holdings Limited, Florens International Limited

Primary location: Houston United States