Two recent, major acquisitions happily prove a point that we have been making for literally years now. Specifically, the two transactions, involving large amounts of capital and stock, as well as storied commercial real estate players, affirms the long-term and predictable power of net lease investing.
In late April, Realty Income Corp. acquired VEREIT in a deal valued at $11 billion.
The plan here is to spin off the office properties owned by both entities into a separate REIT.
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
