On the Cover
Reflecting on the best of 2017, and what to
expect in the coming year
COVER BACKGROUND ART BY CALLAHAN/ SHUTTERSTOCK.COM
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THE “BEST” ISSUE
Net Lease Forum | New Dynamics in a Stable Asset Class
With the new tax code preserving 1031 exchanges, the net lease sector is poised
for further growth—in certain categories, that is By Carrie Rossenfeld
Profile | Greater Efficiency = Greater Value
W. P. Carey’s decision to exit the fund management business may seem like a
break from longstanding tradition, but evolution is also part of the company’s
heritage By Paul Bubny
Best of 2017 | Top Deals & Dealmakers
A look at some of last year’s the most significant development, leasing, invest-ment sales and finance transactions
Best Bets for 2018 | Where’s the Smart Money Headed?
Savvy industry players discuss where and how they’re putting capital to work.
Some of their answers might surprise you. By Natalie Dolce
Developers’ Forum | Penciling Out Opportunity
The time has never been better to be a developer—that is, those who aren’t
sensitive to rising land and construction costs By Erika Morphy
ALSO IN THIS ISSUE
4 Editor’s Page
Best Year Ever?
By Sule Aygoren
6 Data Points | A compilation of the latest CRE facts and figures
8 Up Front | What’s trending in the world of commercial real estate
12 Tax Advisor
Value the Dirt or the Dollars?
By Jerome Wallach
13 Building Balance
Office Space as Both a Service and Smart Tech
By Diane Batayeh
47 Advertisers Index
48 2018 Asset Management Directory
50 Best of the Best Resource Guide 2018
BEST DEALS OF 2017 W BEST BETS FOR 2018
BEST BEST BEST S BEST BEST S BEST BEST BEST BES BEST BEST S BEST BEST ST BEST BEST B EST ES BEST BEST S BEST BEST ST
REFAPRIL018Cover.indd 1 3/20/2018 11:20: 53 AM
The latest stage in W. P. Carey’s evolution