When Ryan Severino, chief economist at JLL, closed his opening keynote speech at the GlobeSt.com Net Lease conference in Los Angeles this week, he forecasted that net lease investment sales volumes this year would eclipse 2019, the prior peak. Then, he sat down to moderate the State of The Industry: Post-Pandemic Recovery, and the speakers on the panel confirmed it.

The panel included industry leaders Gino Sabatini, managing director and head of investments, W. P. Carey; Chris Capolongo, managing director at Angelo Gordon; Coler Yoakam, senior managing director of corporate finance and net lease platform leader at JLL; and Daniel Taub, SVP and national director of retail and net lease divisions at Marcus & Millichap.

All four panelists were bullish that the 2021 activity would either come close to of exceed 2019 numbers. Capolongo and Sabatini both said they expect to "blow past" the previous record transaction volumes this year, while Taub said that he expects to either match or exceed 2019 at his firm. Yoakam's practice group at JLL, has already surpassed 2019 activity.