Last year VN Net Lease Capital won the sale leaseback component of three merger and acquisition deals. Unfortunately, all three transactions fell through due to differing opinions of valuations or because the cost of financing changed the metrics of the deal. "It was like winning a contest and then finding out the contest had been called off," Managing Member David Piasecki tells GlobeSt.com.
This year is shaping up to be different as the buyer seller gap narrows and firms become realistic about valuations and reach price discovery, he says.
In the last three to four weeks Piasecki has noted more M&A activity and more viable product coming to market. "I am moderately encouraged by that," he says.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
