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DuGan: “We're Not in the Credit Business”

NEW YORK CITY—Making clear that the net lease asset class is first and foremost about real estate, Gramercy Property Trust's CEO Thursday delivered an impassioned keynote speech at RealShare Net Lease.

By Rayna Katz | raynakatz | Updated on April 07, 2017

Gordon DuGan DuGan: “If tax reform does goes through, the net lease sector absolutely will be impacted.”

NEW YORK CITY—While reflecting on the net lease sector’s past—which is familiar territory to a man who started working in the field in 1988—Gramercy Property Trust CEO Gordon DuGan offered a frank but uncertain assessment of the industry’s future late Thursday morning as the RealShare Net Lease conference’s keynote speaker.

“I don’t know how to think about a world where you can offset the entire cost of buying a building in the same year as the transaction,” he stated ominously. “If a company no longer can depreciate its assets, that can lead to some weird things happening.”

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