Eric Carlton Eric Carlton

California retail capital is heading outside of the state in search of single-tenant opportunities. That isn’t to say this capital doesn’t want to be in California. The strong dynamics in the California markets has driven prices to all-time highs, making it difficult to invest. The chief issue, however, is the limited opportunities for investment: no one wants to sell their product. The trend is driving investors, especially investors completing 1031 exchanges, out of California into markets like Texas, Washington and Florida.