Search
 

Q3 REIT Reports Suggest a Changing Market

The growth of some net lease REITs has been constrained not by their access to capital or availability of transactions, but from what they describe as their risk-reward tolerance and discipline. While transaction volumes were down during the third quarter this year, they expect a more active pipeline in the future.

By Michelle Napoli | Updated on November 21, 2006

Michelle Napoli is editor of Net Lease forum, from which this article is excerpted.

New York City—The growth of some net lease REITs has been constrained not by their access to capital or availability of transactions, but from what they describe as their risk-reward tolerance and discipline. While transaction volumes were down during the third quarter this year, they expect a more active pipeline in the future.

Capital Lease Funding Inc., for example, added just $53.4 million of investments to its holdings during Q3, a relatively small amount for a firm with a portfolio of $1.4 billion. “Our quarterly investment activity was not constrained by a lack of opportunity or product, but by our continuing investment discipline,” CEO Paul McDowell said during the New York City-based REIT’s Nov. 2 conference call.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.