Kidder Mathews has hired Michael Walseth as EVP to establish a net lease investment team in Orange County. The Walseth Net Leased Investments Team will be a specialty practice group under the Kidder Mathews label. The group will focus on single-tenant net leased transactions nationwide. While there has been a lot of disruption in the net lease space this year due to the coronavirus pandemic, Walseth says that there continues to be activity.

"The net lease space has remained very robust this year. 2020 will mark the most successful year for my team, and we have a lot of investors in the marketplace, and we closed some very large deals this year," Walseth tells GlobeSt.com. "As we see it, the market remains very robust, even despite these challenges from the pandemic."

Of course, demand has been most robust for properties occupies by essential uses. "Businesses that have been deemed an essential service, like pharmacies and grocery stores, have been the least hit," says Walseth. "On the other end of the spectrum, the businesses that have been the most hit are gyms and other services sectors. There is definitely a dichotomy. My business has been focused on pharmacies, hardware stores and other brands that have been deemed essential."