Like the rest of the commercial real estate community, the net lease sector experienced a grim second quarter. Unlike the rest of the industry, though, net lease appears set to have a robust second half. That is the consensus of the panelists at GlobeSt.'s Net Lease virtual conference, held Thursday.
"Things have come back since the pandemic started," Barclay Jones, EVP for iStar, told listeners. "I think Q3 will be a strong quarter." Part of what shut the firm down those early, he added, were the bottlenecks that immediately sprang up as the world retreated to their homes in the Spring. Those have been largely resolved, he said.
Of course it was more than just Gerry-rigged closing processes that kept deals at bay during those days. Gino Sabatini, head of Investments for W.P. Carey said the REIT did very little volume in Q2 and instead took a wait-and-see approach to the market.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
