Net Lease

CEO Brett Landes says the company expects to close on 35 assets in the first quarter.

In an exclusive audio interview with GlobeSt.com, Michael Shover and Matthew Gorman, both senior vice presidents in the group, say “c-stores” and gas stations today are developers' first choice when acquiring strong locations, particularly at signalized traffic intersections.

They range from urban condos to a hard corner portfolio and dominant intersections, according to CEO Joey Agree.

Brad Lebovitz, managing director at Silverpeak, says the acquisitions introduce Silverpeak to edge markets where the firm sees limited supply.

The opportunity in many of the locations for a single-tenant net lease investment provides attractive long-term rental rates and built-in traffic patterns.

WP Carey Inc. has entered into an agreement with its existing tenant, Cuisine Solutions, to invest $75 million in a 290,000-square-foot build-to-suit food production facility in San Antonio.

The $26-million equity offering was fully reserved in less than 90 days, the company reports.

Boulder says the rise in cap rates is mainly due to investor concern about the evolving retail environment, store footprints for big box retailers and the cost associated with filling big box properties.