Buying Opportunity in Triple Net Leases

November 23, 2008 by Admin
Filed under: Commercial Real Estate 

Buyers are finding significant opportunities in Triple Net Leases.  Here is what some leading experts in the field had to say:

Well-capitalized buyers are finding that it’s a great time to pick up triple-net lease properties from solid operators. “Once you’ve got those leases, you’ve got a long-term income stream that is really valuable,” Julian E. Whitehurst, president and COO of Orlando-based National Retail Properties Inc. (NYSE: NNN) says.

Ethan Nessen, a managing partner at CRIC Capital said: “The one trend that I see in the marketplace is that there is no trend at all.”  “What I mean by that is that every deal, every category of product becomes so specific in terms of the credit, location, marketplace and perception.”

The net lease sector is doing slightly better than the broader commercial real estate investment market as a whole because, on the longer-term type leases, the credit crisis causes a flight to quality and flight to safety,” says Randy Blankstein, president of Boulder Net Lease Funds in Northbrook, Ill.

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