"It's very fun being a seller lately, not as much fun being a buyer," Howard Sands, founding principal of Corporate Partners Capital Group, said. "It's a very lumpy business." Brian Scott, senior managing director for CB Richard Ellis, noted that he's seen a lot of bidders participating in each deal.
Olson also expects that if rates continue to rise and the economy grows, the retail sector will look to the sale-leaseback market. Other sectors he feels are ripe for sale-leasebacks include utility and not for profits. "Utilities are cash poor, land rich. And with the not for profits, there's a better use of funds than sitting on property." Scott commented, "It's a sellers' market. I don't see that equilibrium changing anytime soon."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
