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Navigating the Benefits of Net Lease

CHICAGO—Transwestern's Marc Imrem, fresh from RECon, talks us through the paths to follow—and those to avoid—in the net lease market.

By John Salustri | transwestern | Updated on June 08, 2017

“If  we had a best-case scenario, it would be in one of those locations with increasing population and good incomes with below-market rent and long leases,” says Imrem.

CHICAGO—Nothing’s foolproof, as Marc Imrem, managing director of Transwestern‘s national net lease and sale leaseback group, readily admits. Still he likes the stability of the market he oversees, as long as investors place their bets with eyes wide open.

“Market conditions are good,” says Imrem. He builds on comments from a recent video interview taken at RECon 2017, available at the end of this story. “But buyers are cautious. They’ve seen spaces vacated and they’re hearing about the bankruptcies.” That caution was inflated (excuse the pun) by the rise in interest rates, “although they’ve leveled off,” he says.

And of course, talk of tax reform has also slowed the hand of many investors. But not all. “It may actually help momentum in the short term as people execute their trades before 1031s become an issue,” he suggests.

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