REAL ESTATE FORUM PRESENTS
Net lease transaction volumes total $44.1 billion in 2018, with the industrial sector becoming the most active asset class. So says a recent report from JLL, which
also said that investors are continuing to target both assets in
secondary and tertiary markets with private investors remaining
the most prominent buyer type in the sector.
Cap rates for net lease assets are also slated to mark some
uptick after hovering around historic lows, the JLL report said. A
report from the Boulder Group said that cap rates in the single
tenant net lease retail sector, for example, remained unchanged
( 6.25%) in the fourth quarter of 2018 when compared to the prior
quarter and that cap rates for the office and industrial sectors
increased by 2 and 5 basis points respectively. “As the Federal
Reserve continues to implement its monetary policy there is
investor expectation that cap rates should trend upward in 2019.”
The Boulder Group report says that the majority of property
owners believe we are in the last stages of the current real estate
cycle. Accordingly, property owners are supplying the current
market with their non-core net lease holdings in order to take
advantage of the historically low cap rate environment.
“As alternative investments including the stock market have
experienced recent volatility, net lease assets perceived as the
safest and most secure are still commanding historically low cap
rates,” the Boulder Group report says.
So, while investor demand for the net lease assets seems to
remain strong and the market is expected to remain active in
2019, Real Estate Forum wanted to highlight some of the many
professionals and organizations who have made an indelible
impact on the business. Whether through contributions to the
industry via extensive deals and projects, or through best practices and introduced innovations to the net lease space, they
have all helped to shape their field and where it is headed. Turn
the page to read about some of the most notable names in net
lease real estate.