Here are some quick net lease observations from the floor of the Florida ICSC 2012:
- Overall optimism for the future.
- Lack of companies/tenants building new buildings but new development is occurring with some tenants.
- Everyone is anxious to see the outcome of the election and how that will effect long term capital gains taxes for next year.
- Net lease properties were very well received as they are one of the few bright spots that are ongoing in the investment market.
- Appetite for higher risk higher yield deals are increasing.
- More investors are getting comfortable with franchisee credit, shorter lease terms, or private non-rated companies.
- More banks are having high net worth individuals interested in NNN real estate investments.
- A large number of apartment owners are looking to exit apartments and 1031 into NNN properties.
- Wawa is delicious!
- More deal discussions with brokers (current listings and just solds).
- Lots of networking outside of exhibition halls.
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
