The New York-based Global Net Lease Partners is an expanded version of Corporate Partners, CBREI's former sale-leaseback unit. As managing director, Olson is charged with identifying and closing deals in the US, the UK and Europe.
Olsen tells GlobeSt.com that the new group's focus will be similar to that of its predecessor, but that its international component is new. "What is different is that we'll be [focusing] 50% on the US, 35% on the UK and 15% on Continental Europe. The reason is, quite frankly, it gives us a competitive advantage." He notes that while the unit currently is "using some of the resources inside the company," the business plans calls for six new hires.
Most of the net lease and sale-leaseback deal flow, Olsen says, "is coming out of companies restructuring or as part of a transition involving a leveraged buyout." And while "the deal flow has certainly slowed down, it remains an attractive market."
Formerly a partner with UK sale-leaseback venture Wolverine Equities, an investment partnership targeting sale-leasebacks in the US, Olson has more than 20 years experience in the real estate markets. Over the last 10 years, he has served as a principal in sale-leasebacks and net-lease investments.
Global Net Lease will focus on acquiring single tenant net leased industrial, office and retail properties in portfolios or as single assets. Corporate tenants will include both investment and sub-investment grade companies.
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