Net Lease

In its announcement, the company revealed that Newmark Group chief operating officer James R. Ficarro resigned from the company, effective Nov. 14.

Also, JLL reports that private capital captured a record 37.9% of the net-lease market in the first half of 2018, up by 9.4 percentage points since 2015.

The market for standalone grocery properties remains active due to their built-in customer base.

Giant retailers are experiencing huge success with shrinking real estate footprints. Net-lease investors can benefit from owning smaller-format stores.

In their careers, Bosworth and Pike have executed more than $16 billion worth of assignments spanning more than 2,600 properties.

The largest transaction—a $165-million non-recourse mortgage loan—is collateralized by 85 assets owned by subsidiaries of SMTA and leased to Shopko that are held outside of the company's Master Trust.

Potential buyers want to see how the recent Walgreens and Rite Aid merger works out, among other concerns.

The deal has increased the REIT's equity market capitalization to approximately $11 billion.