After a summer lull and an uneven 2020, the net lease investors are coming out in force.
"Q4 has been total mania," says Camille Renshaw, CEO and Founder of B+E. "I don't think I've ever seen so much going on. Loads of large 1031 exchanges are in the market. We have smaller ones too, but these are probably the most $50 and $60 million exchanges we've had."
Many institutional owners took a break in the spring and summer. "No one could get money out for one or two quarters this year," Renshaw says. "Everyone has capital just sitting there doing nothing. All of that money has to get to work, and it's just pushing hard for a home."
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.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
