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Premier Net Lease commercial real estate news, analysis, trends and information focusing on the property fundamentals, finance and investment trends for NNN, and other net leased retail, industrial, office and healthcare assets.
Some sellers ask why invest in commercial real estate when you can get 5.5% on a six-month treasury?
The pricing was a good deal for Kimco shareholders.
Trying to pin down distress may be more difficult than usual given the banking environment.
No, really, Moody's Analytics says there could be a CRE pumpkin spice latte effect.
"Sellers who can wait out potential market shifts realize they can be patient for the right price and buyer."
The national average sale price is at $131 per square foot, up $7 from 2022.
The transaction will add 56 open-air shopping centers to Kimco's existing portfolio of 528 properties.
Sales volume is down as a percentage, but nowhere near the slide of big-number deals.
Subway will be better capitalized to modernize stores, which will result in higher sales and their ability to pay higher rents.
The prices buyers are willing to pay have risen as well.