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Speakers See Brighter Future, Better Opportunities

NEW YORK CITY-At RealShare Net Lease Wednesday panelists saw an end to the cap rate compression and better buy opportunities in the wings as capital continues to chase deals.

By Michelle Napoli | Updated on April 26, 2007

NEW YORK CITY-An optimistic outlook prevailed at Wednesday’s RealShare Net Lease conference. Speakers at the day-long event, which drew nearly 300 professionals, voiced belief that cap rates are at or close to the bottom and that better buy-and-hold opportunities are ahead in the net lease property market.

“Deal volume is deal volume–it’s lumpy,” said W.P. Carey & Co. president and CEO Gordon DuGan during the town hall meeting session. While he acknowledged that the market is still very competitive, DuGan also said the market has “seen a bottoming of this cap rate compression. That I think bodes well for us for volume this year.”

Another Town Hall Meeting panelist, Bruce MacDonald, president of Net Lease Capital Advisors, observed, “What we felt so good about last year, from an acquisition standpoint, is that for the first time it wasn’t a pedal-to-the-metal sellers’ market.”

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