Realty Income Corporation's acquisition of VEREIT created a combined company with an enterprise value of approximately $50 billion.
With the deal, Randy Blankstein, president of The Boulder Group, says Realty Income is positioned to be the preferred provider of capital for large sale-leasebacks above $500 million.
But there are questions about how deep the market is for these transactions. While many observers see a large, untapped market for sale-leasebacks, there may be a limit to growth through those transactions.
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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.
