As part of our continuing coverage of the retail sector in our leadup to ICSC RECon 2014 in Las Vegas, we talked to Guy Ponticiello, Managing Director of JLL's Net Lease group, for the company's take on the sector.
GlobeSt.com: Net Lease has garnered a lot more mainstream investor acceptance in the last few years. Where do you see the sector headed as a result?
Guy Ponticiello: In 2013, net lease transaction volumes reached a record setting $42 billion. In 2014, we anticipate net lease transaction volumes will far exceed prior year's estimates due to greatly improving financing options and an extensive amount of capital pursuing net lease investments. The comfort level and excitement from investors regarding this segment is creating a strong environment for raising capital by many of the net lease sponsors, particularly through the broker dealer networks which was predominately utilized by the non-traded REITS in raising in excess of $8 billion in equity in 2013. As the product is viewed in a more institutional light and covered more extensively by industry analysts, transaction volumes will continue to grow, pursued by players across the spectrum including REITs, pension funds and institutional investors.
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Geoffery Metz
Geoffery Metz is the content manager for ALM's GlobeSt.com, Credit Union Times and Treasury & Risk. Before joining ALM, he spent several years overseeing the newsroom at the financial wire service Business Wire, with special focus on multimedia presentation for the web.
