About Us & Services

Net Lease Alliance tailors the capital structure to reflect the economics of each project and to meet the needs of our developer partner.

All disciplines under one roof

Net Lease Alliance’s unparalleled combination of experience, talent and footprint is as unique as the industry we serve. Our in-house expertise in finance, legal, entitlements, construction and closing give us the ability to pursue even the most aggressive development schedules, freeing you up to pursue other projects in your pipeline.

We have grown our business through deep and lasting relationships with investors, lenders and developers. We are proud of the team we’ve built that consistently delivers projects as promised - on time, on budget and at a profit.

A national footprint

Net Lease Alliance is proud to provide capital for commercial real estate development projects from coast to coast in the continental United States.






Capital Deployed



Net Lease Alliance facilitates 100% of the capital needed on a non-recourse basis while managing multiple capital sources and the loan-to-equity balance on a project-by-project basis.


We provide a comprehensive portfolio of net lease real estate legal capabilities from transaction management, contract administration, title and survey review, lease negotiation and closing.

Development Services

Net Lease Alliance provides the complete “toolbox” of pre-development and development services beginning with site plan, through site survey, environmental and geotechnical investigation, selection and management of third party consultants, budgeting and planning, entitlements, site and structural design and review, through permitting.

Construction Services

Net Lease Alliance assumes responsibility of construction and project deadlines with specific expertise in contractor qualification and selection; bid administration and qualification; administration of construction documents; construction management; construction invoicing & reporting; and project closeout punch list, warranty and lien waiver administration.

Our Team

We are flexible, optimistic and determined to make every deal work. In fact, the members of the Net Lease Alliance team share experience that allows us to understand the challenges as well as the potential of every project.

Steven G. Rogers

Chairman of the Board of Directors

Prior to forming Rogers & Associates, Steve Rogers was president & CEO of Parkway Properties, Inc., through its early development and listing on the New York Stock Exchange to become part of the S&P 600 Small Cap Index stocks with assets under management exceeding two billion dollars. Serving five years in the U.S. Army, he was awarded the Army Commendation Medal and the Meritorious Service Medal. He has served on the boards of RREEF America REIT III, First Commercial Bank and numerous other national, regional and local organizations, both private and public.

Ron H. Johnston

Director & CEO

Ron has served as a Director for NLA since its inception and has been CEO since February 2014.  Ron has had a successful 37-year career in commercial real estate finance.  Prior to joining NLA, Ron was the owner of Johnston Financial Services, LLC beginning in 2001.  Prior to that, Ron had a successful 23-year career in banking as a commercial real estate lender.  Over his career, Ron’s teams have placed well over $1 billion in debt and equity.  Ron works out of NLA’s Lexington, KY office.


Sam L. Colson

Director & CFO

Sam joined NLA at its inception as CFO.  Previously, he was CFO for a successful national developer of shopping centers and net-leased properties.  Prior to that, Sam served as a Director and COO of Credit Suisse’s Column Capital (tax credit syndication) and Column Guaranteed (FHA/FNMA/FRMC lender) lines of business.  Sam began his career as a CPA providing accounting, consulting and tax services to a wide-array of developer clients.  Sam works from NLA’s Montgomery, AL office.


Sam Boroughs

Chief Investment Officer

Sam Boroughs joined Net Lease Alliance as its Chief Investment Officer, working in all phases of project acquisition, capitalization, portfolio management and asset disposition. Previously he worked for 22 years as a regional commercial real estate office manager and loan producer, successful placing over $2B of debt capital since 2008 with Wells Fargo Bank and Pinnacle Bank. Sam works from our Franklin, TN office.


Wayne Harris

Vice President of Legal Services

Wayne has over twenty years of retail legal experience and success with national retailers and commercial real estate development. After serving as Assistant General Counsel for Lowe’s Companies, Inc., the parent company for Lowe’s home centers, he joined a commercial real estate developer of properties throughout the Southeast, Midwest, and Southwest. He is a graduate of Vanderbilt University School of Law.  Wayne works in NLA’s Franklin, TN location.

Chad Williams

Director of Development Services

With more than 14 years of commercial development experience, Chad Williams has managed over 145 build-to-suit projects. His responsibilities include management of all steps of development including pre-development, site planning, due diligence, civil and architectural construction documents and permitting. He regularly conducts hearings before planning commission and city council officials for site plan approvals, rezoning, variances, special-use and conditional-use permits.  Chad works from NLA’s Franklin, TN office.

Zach Barker

Director of Construction Services

Zack has over 12-years’ experience in commercial construction and 13 prior years in residential construction. He has managed projects such as single-tenant build to suit, multi-tenant build to suit, rehabs, repurpose projects, large power centers, and hotels. Zack’s responsibilities include construction services such like engineering initiatives, and construction management. He has managed projects in more than 20 states coast to coast.

Hope Henderson

Legal Assistant & Closing Coordinator

Hope has 14-years’ experience working as a paralegal for real estate attorneys and 6-years as a lending assistant for the commercial real estate lending department of a regional bank.  Hope is located in NLA’s Montgomery office.

Karen Wientjes


Karen has been with NLA since its inception and has almost 19-years’ experience working in various accounting positions.  Karen is located in NLA’s Montgomery office.


100% Capital. Non-Recourse.

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