While single-tenant transaction activity should remain high in 2021, some of that will be determined by the number of assets that will hit the market this year.
In the second quarter, many lower-quality assets were put on the market, which pushed down cap rates, according to Randy Blankstein, president of The Boulder Group.
A lot of groups have successfully raised capital for net lease acquisitions. Blankstein says they will be under pressure to place these funds regardless of where it goes.
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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.
