CHICAGO—Long-term net leased assets have become quite popular, and JLL has assembled a team of experts to help clients decide if instead of leasing they would prefer controlling development of new facilities and arranging for third-party investors to purchase the properties upon completion.
“It can be an eye-opener for them,” Bruce Westwood-Booth, managing director of JLL's capital markets division, tells GlobeSt.com. He will take part in a panel on sale-leasebacks and build-to-suit developments at this week's Real Share Net Lease 2015 conference in New York City.
Doing things this way reduces a developer's risk, and according to a white paper produced by JLL, “can reduce or eliminate their required equity contribution and therefore reduce the ultimate lease rate for the tenant.”
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