The net lease market is in a "transitional period," but experts at GlobeSt.com's Fall 2023 Net Lease conference in Los Angeles this week agreed that stabilizing interest rates will ultimately lead to better deal flow.
"I think this is the new normal for debt," said Gordon Whiting, managing director at Angelo Gordon. "A lot of the folks in this industry aren't that old. They haven't ever seen double-digit interest rates and double digit home mortgage rates…I've been doing this for 30 years. This is the new normal in my opinion and the sooner you accept that fact the sooner you're back to business."
In a state of the industry panel kicking off this year's conference, Whiting took particular note of the recent flight to net lease product by institutional investors seeking stability.
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