Yesterday's announcement that Realty Income Corporation will acquire VEREIT to create a combined company with an enterprise value of approximately $50 billion sent waves through the net lease space.
"I think it's great for the sector because now you're going to have a major market cap REIT," says Randy Blankstein, president of The Boulder Group. "It's great to have a $50 billion company because it draws attention to the space."
Matt Berres, executive managing director for Newmark, says the proposed merger will shift the landscape of the net lease sector given the size and scale of the deal.
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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.
