While the late summer might see a pause in net lease transactions, Camille Renshaw, CEO and Founder of B+E, thinks there is still plenty of interest from large institutional investors.
B+E recently did a series of calls with investors. Renshaw says her smallest client on the calls had $250 million in dry powder, the largest had about $1.5 billion and the average one had between $500 and $750 million.
"They have capital that they needed to get out," Renshaw says. "They had earmarked for this year. When all of this [COVID-19 shutdowns] happened, everybody froze, and nobody was spending money for fear of what would happen with their tenants."
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