NEW YORK CITY—With market forces creating an increased demand for net leased assets, GFI Realty Services has formed a net lease team that will specialize in arranging the sale of triple-net-lease assets, GlobeSt.com has learned EXCLUSIVELY. The net lease team will include five GFI Realty investment sales brokers, and will be helmed by Yisroel Pershin.

“As a full-service firm offering clients a comprehensive slate of brokerage services, we recognize the growing need for net-lease advisory services at this stage in the real estate cycle,” states Michael Weiser, president of GFI Realty.

He continues, “Our platform will be national with a focus on the East Coast. Many long-term owners are capitalizing on today's bull market and divesting of their properties, and these investors often seek to park their capital in stable assets, such as NNN properties, to complete 1031 exchanges. We're fortunate to have a cadre of seasoned real estate advisors with expertise in these assets, and we're very excited to announce our formal entrance into the net lease space.”

“As one of our senior investment sales brokers, Yisroel has the leadership capabilities and specific market knowledge necessary to guide the net lease team,” Weiser notes. “His track record of arranging acquisitions and sales of NNN assets in markets across the Northeast demonstrates his deep understanding of these properties and his strong relationships in the space. Our clients will benefit from his breadth of knowledge and wide-ranging investment sales experience in both NNN and other real estate assets.”

Adds Pershin, “I'm eager to lead GFI's net lease team as we leverage our strong industry knowledge and contacts to provide real estate solutions for investors and owners. The country's continued attractive interest-rate environment makes stable assets, such as triple-net-leased properties, particularly attractive to a wide range of investors. Our ability to meet the strong demand for net lease advisory services will add significant value to our clients.”

Pershin recently completed 10 separate NNN transactions for an aggregate sales volume of approximately $68 million. The properties, all of which are NNN-leased, are in several states, including New York, New Jersey, Connecticut, Pennsylvania, Ohio and Florida.

The transactions include: the $8-million sale of a TD Bank-occupied property in East Norwich, NY; the $4.65-million disposition of a TD Bank-occupied property in Greenlawn, NY; the $7.2-million acquisition of a portfolio of four dollar-store-occupied properties across New Jersey and Pennsylvania; the $12.6-million acquisition of a Duane Reade-occupied property in Howard Beach, NY; the $10.75-million acquisition of a retail strip mall in Cortlandt Manor, NY, which is occupied by Starbucks, Vitamin Shoppe, AT&T and Smash Burger; the $6.9-million acquisition of a CVS-occupied property in Jacksonville, FL; the $11-million purchase of a Shoprite-occupied property in Connecticut; the $3.2-million sale of a Dollar General-occupied portfolio in Akron and Columbus Grove, Ohio; the $2.5-million sale of a Family Dollar-occupied property in Trenton, NJ and a Mr. Tire -occupied property in Oaklyn, NJ for an undisclosed price.

“The bulk of these deals were all-cash transactions and involved significant back and forth between the deal parties,” says Pershin. “Through diligent negotiations, we were able to successfully close these transactions on behalf of our clients.”

In recent months, Pershin also has been active in arranging property sales across New York City. In one transaction, he brokered the $195-million sale of a 640,000-square-foot industrial property in the Long Island City area of Queens. He also arranged Greystar's $125-million acquisition of 247 N. 7th St. and 248 N. 8th St., two adjacent multifamily buildings in Williamsburg.

NEW YORK CITY—With market forces creating an increased demand for net leased assets, GFI Realty Services has formed a net lease team that will specialize in arranging the sale of triple-net-lease assets, GlobeSt.com has learned EXCLUSIVELY. The net lease team will include five GFI Realty investment sales brokers, and will be helmed by Yisroel Pershin.

“As a full-service firm offering clients a comprehensive slate of brokerage services, we recognize the growing need for net-lease advisory services at this stage in the real estate cycle,” states Michael Weiser, president of GFI Realty.

He continues, “Our platform will be national with a focus on the East Coast. Many long-term owners are capitalizing on today's bull market and divesting of their properties, and these investors often seek to park their capital in stable assets, such as NNN properties, to complete 1031 exchanges. We're fortunate to have a cadre of seasoned real estate advisors with expertise in these assets, and we're very excited to announce our formal entrance into the net lease space.”

“As one of our senior investment sales brokers, Yisroel has the leadership capabilities and specific market knowledge necessary to guide the net lease team,” Weiser notes. “His track record of arranging acquisitions and sales of NNN assets in markets across the Northeast demonstrates his deep understanding of these properties and his strong relationships in the space. Our clients will benefit from his breadth of knowledge and wide-ranging investment sales experience in both NNN and other real estate assets.”

Adds Pershin, “I'm eager to lead GFI's net lease team as we leverage our strong industry knowledge and contacts to provide real estate solutions for investors and owners. The country's continued attractive interest-rate environment makes stable assets, such as triple-net-leased properties, particularly attractive to a wide range of investors. Our ability to meet the strong demand for net lease advisory services will add significant value to our clients.”

Pershin recently completed 10 separate NNN transactions for an aggregate sales volume of approximately $68 million. The properties, all of which are NNN-leased, are in several states, including New York, New Jersey, Connecticut, Pennsylvania, Ohio and Florida.

The transactions include: the $8-million sale of a TD Bank-occupied property in East Norwich, NY; the $4.65-million disposition of a TD Bank-occupied property in Greenlawn, NY; the $7.2-million acquisition of a portfolio of four dollar-store-occupied properties across New Jersey and Pennsylvania; the $12.6-million acquisition of a Duane Reade-occupied property in Howard Beach, NY; the $10.75-million acquisition of a retail strip mall in Cortlandt Manor, NY, which is occupied by Starbucks, Vitamin Shoppe, AT&T and Smash Burger; the $6.9-million acquisition of a CVS-occupied property in Jacksonville, FL; the $11-million purchase of a Shoprite-occupied property in Connecticut; the $3.2-million sale of a Dollar General-occupied portfolio in Akron and Columbus Grove, Ohio; the $2.5-million sale of a Family Dollar-occupied property in Trenton, NJ and a Mr. Tire -occupied property in Oaklyn, NJ for an undisclosed price.

“The bulk of these deals were all-cash transactions and involved significant back and forth between the deal parties,” says Pershin. “Through diligent negotiations, we were able to successfully close these transactions on behalf of our clients.”

In recent months, Pershin also has been active in arranging property sales across New York City. In one transaction, he brokered the $195-million sale of a 640,000-square-foot industrial property in the Long Island City area of Queens. He also arranged Greystar's $125-million acquisition of 247 N. 7th St. and 248 N. 8th St., two adjacent multifamily buildings in Williamsburg.