Four Everyday Infrastructure Investments

A Look Inside Encore’s 2026 Strategy

February 2026

(View Brochure)

People don’t change their habits as quickly as markets change their minds. They still buy food close to home, move along the same commuter routes, and rely on the same physical infrastructure to keep daily life running. That predictability is where real assets earn their keep.

Encore Enterprises’ newly released strategy playbook is built around that premise. As Ignite’s exclusive sponsor, Encore focuses on asset types where demand is steady and cash flow is driven by repeatable behavior. Below is a distilled look at four alternative investment sectors Encore is prioritizing for 2026, and the logic behind each.

“Some of the strongest investments don’t look good at first glance. They work because they’re necessary, not because they’re pretty.”
— Dr. Bharat Sangani, Chairman & CEO, Encore Enterprises

1. Travel Service Centers & Truck Stops

“Truck stops aren’t discretionary retail. They’re part of the physical economy, tied directly to how goods move across the country.”
— Nili Sangani, Senior VP of Operations, Encore Enterprises

This is one of the purest examples of investing in demand that doesn’t need to be “sold.” Logistics doesn’t pause because markets get choppy. Freight still moves. Drivers still comply with regulated stopping behavior. Fleet relationships still dictate predictable refueling patterns and pricing.

Encore approaches this category as a yield-oriented platform designed to target durable income to help limit volatility. These sites combine scale, repeatability, and diversified revenue streams—fuel, food, retail, and services—while the triple-net structure of the investment favors consistency over complexity.

The appeal is straightforward: it’s real-economy cash flow, connected to essential national infrastructure, expressed through long-duration contractual tenancy rather than discretionary consumer mood.

2. Gas Stations & Convenience Stores

“In a lot of these neighborhoods, the convenience store isn’t optional—it is the grocery store. It’s where people buy food, household items, and everyday essentials. That dependency drives performance.”
— Mike Nelson, President, Encore Commercial

Convenience retail doesn’t win because it’s trendy. It wins because it’s close, consistent, and embedded in daily life.

Encore’s emphasis in this sector is less about reinventing the asset and more about owning the right type of location: existing sites with proven performance, typically in infill or overlooked markets where competition is constrained—and where the store serves as a recurring essential outlet for the surrounding community.

This category also reflects a broader theme: some of the most durable cash-flow opportunities are hiding in plain sight, powered by frequency rather than fanfare.

3. Grocery-Anchored & Open-Air Retail Centers

“The asset class matters less than the lease. If the lease isn’t strong, the deal doesn’t work, no matter how attractive the headline sounds.”
— Mike Nelson, President, Encore Commercial

Grocery-anchored retail isn’t exciting—and that’s often the point.

These assets tend to function as portfolio stabilizers, supported by necessity-based tenancy, steady foot traffic, and a development environment that has become structurally constrained as new retail supply remains limited.

Encore’s approach is notably disciplined. Brand recognition alone doesn’t justify an investment. Immediate yield matters. Return thresholds matter. In this category, “institutional quality” can quickly become a liability if investors overpay for comfort and underwrite away the return.

In practice, that discipline has meant walking away from high-quality, marquee portfolios when projected returns failed to meet target levels. It reinforces a core tenet of the strategy: selectivity matters more than scale.

4. Drive-Thru Coffee Franchise

“You don’t need 2,500 square foot store to generate $2.5 million in annual sales.”
— Dale Doerhoff, President, Encore Restaurants

If the other categories are built around stability, Encore’s drive-thru coffee franchise business, 7 Brew, represents the growth edge of the same framework: small-format real estate paired with high-frequency consumer behavior.

The model is engineered for repetition through speed, convenience, and throughput. And while it sits inside the consumer economy, it behaves less like discretionary dining and more like habit-driven purchasing.

Encore’s focus here reflects a modern reality: the most valuable investment isn’t always the largest footprint, but the most efficient conversion of traffic into transactions.

Across these four sectors, the strategy is consistent: focus on the parts of the economy that still move, still transact, and still repeat, even when markets get loud. The goal isn’t to predict the next cycle. It’s to build portfolios that don’t require you to.

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The information contained herein is for informational and educational purposes only and is not an offer to sell or a solicitation of any offer to buy any securities. The information contained herein is not intended to and does not constitute investment, legal, or tax advice, or recommendation of any services or products for sale and is not intended to provide a sufficient basis on which to make an investment decision. Any investment in securities involves a high degree of risk and may not be suitable for all investors and you should consult with an expert before making investment decisions. The views or opinions expressed herein represent those of Ignite Investments, LLC (“Ignite”) or its affiliated sponsors at the time of publication. No assurance can be provided that any of the future events referenced herein (including but not limited to projected or estimated returns or performance results) will occur on the terms contemplated herein or at all. While the data contained herein has been prepared from information that Ignite believes to be reliable, Ignite does not warrant the accuracy or completeness of such information. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve. Please see Terms & Conditions for full disclosures.​

Investments in commercial real estate (CRE) involve significant risks, including market risks, interest rate risks, and liquidity risks, and may not be suitable for all investors.

Securities transactions conducted through Umergence, LLC. Member: FINRA/SIPC. Umergence is not affiliated with any entities identified in this communication.

© 2026 Ignite Investments, LLC

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Brenda Grogan

Executive Director

Brenda Grogan is responsible for developing and maintaining investor relationships for Ignite Investments. Brenda has more than 25 years of commercial real estate development, investments, and brokerage experience and has raised more than $195 million dollars in equity through Encore-sponsored products. Previously, Brenda was director of commercial real estate for Hudson & Marshall, exceeding $2 billion in transactions through sales and auctions.

Prior to that, she was vice president of investments at Henry S. Miller. Brenda earned a Bachelor of Arts in Marketing from Louisiana State University. She holds a Real Estate Commissioners Broker’s License as well as the Series 22 and Series 63 registrations.

Brenda is a registered representative of Umergence, LLC.

Daisy Chen, CFA

Executive Director

Daisy Chen, CFA, is Executive Director, responsible for developing and maintaining relationships with Ignite Investments’ high net worth and international clients. Daisy has more than 15 years of experience in the securities, financial advising, and private equity industry. Since joining the firm in 2012, she has managed relationships with high-net-worth individuals representing more than $155 million in equity on behalf of Ignite and its sponsors.

Prior to joining Ignite, Daisy was a financial analyst at Trinity Private Equity Group. Before that, she worked at NY Life Securities as a financial advisor managing portfolios of retail investors. Daisy earned a Master of Science in management information systems from the University of Texas at Arlington and a Bachelor of Science from East China Normal University in Shanghai, China. Daisy holds her Series 22 and Series 63 securities licenses and has earned a Chartered Financial Analyst (CFA) designation. In her spare time, she is an instructor of a Level 3 CFA review course.

Daisy is a registered representative of Umergence, LLC.

Nami Nafissi

Senior Associate, Investor Relations

Nami is responsible for maintaining investor relationships and providing client support for Ignite Investments. He has more than six years of experience in real estate law. Previously, Nami was a case clerk at Clark Hill Strasburger (formerly Strasburger & Price LLP), working within the industry litigation practice group. Prior to that, Nami served in the AmeriCorps*VISTA (Volunteers in Service to America) program through the Corporation for National and Community Service (CNCS) working in business development for Habitat for Humanity. Nami earned a Bachelor of Science in Business Administration from Louisiana State University’s E.J. Ourso College of Business.
 
Nami Nafissi is a registered representative of Umergence, LLC.

Nili Sangani

Managing Principal

Nili Sangani serves as a Senior Vice President at Encore Enterprises where she plays an integral role in the management of several investment partnerships, the management of select shared service functions within the firm, and strategic oversight of the firm’s high net worth capital raising activities via Encore’s capital raising subsidiary, Ignite. Nili is also an active member of the Board of Directors of Encore Enterprises and Encore Properties, Ltd. Over the course of her career, she has overseen and managed relationships with investors representing nearly $1.5 billion in equity. Prior to joining Encore in 2014, Nili worked as an investment banker in the Real Estate Group of Raymond James & Associates in New York and Florida, where she was responsible for executing a variety of public and private M&A and capital market transactions for clients across the hospitality, multifamily, student housing, industrial, single-tenant net lease, and GSA sectors, with a particular emphasis on listed REITs. Nili earned a Bachelor of Business Administration in Finance from Southern Methodist University’s Cox School of Business, where she graduated with honors. Nili holds the Securities Industry Essentials License as well as the Series 7 and Series 63 registrations. Nili is a registered representative of Umergence, LLC. testttttttttttt