Jonathan Hipp
President & CEO
Calkain Realty Advisors

Executive Bio

Jonathan W. Hipp is the founding President and Chief Executive Officer of Calkain Companies and is a member of Calkain’s Executive Committee. Calkain is a national, commercial real estate firm which provides brokerage and consulting services for both private and institutional clientele and specializes in assisting Buyers and Sellers with the acquisition and disposition of single and multi-tenant net lease investment properties. The company is comprised of five divisions specializing in brokerage, advisory, asset management, capital markets and research.

Jonathan is one of the leading experts in Net Lease Investments in the United States. With over 25 years of experience in Commercial Real Estate, he manages the overall strategies and growth of Calkain and has successfully completed nearly $3 billion in investments throughout his career. Through his leadership and vision, Calkain has grown to $9.5 Billion in transactions. Mr. Hipp serves as a member on the President’s Council of the prestigious invitation-only Real Estate Roundtable. He is also an advisory board member for Globe St., the largest online commercial real estate publication and for France Media, Inc., the largest commercial real estate publisher in the United States. His unique industry expertise is manifested in a well-reviewed book he coauthored, The Little Book of Triple Net Lease Investing, which serves as a handbook for investors.

Calkain has been featured on ABC News and Jonathan is regularly interviewed and quoted in a variety of publications including Fortune, Fortune Small Business, Forbes, Real Estate Forum, National Real Estate Investor, Commercial Property News, Globe Street, Shopping Center Business, Southeast Property News, Washington Business Journal, Northeast Property News and CNN Business. He is a nationally recognized panelist, moderator and speaker at Net Lease and Real Estate conferences and seminars. Additionally, Jonathan writes a weekly column entitled “Net Lease Insider”, for GlobeSt.com.

  • Yes, Cap Rates Are Below 2006 Levels, but…

    Within the single-tenant net lease space, I often get asked whether I believe there is a bubble in commercial real estate due to cap rates being below 2006 levels. The honest answer is I don’t know, and neither do most people. Bubbles are generally discovered only after they pop.

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  • Guarantor’s Importance in Restaurant Net-Lease Properties

    One of the largest sectors in the net-lease space is quick service restaurants (QSRs), consisting of stand-alone locations flagged with tenants such as Wendy’s, KFC/Taco Bell, and Burger King.

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  • The Strategy Behind Walmart Neighborhood Market Stores

    Walmart, the retail behemoth with a market cap of $238 billion, is mixing things up. For decades, the company’s standard policy of building big-box stores aimed at price conscious working-class customers was resoundingly successful. However, it is increasingly clear simply adding large stores won’t be enough to increase, or even maintain, its level of profitability. …

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  • Net Lease Properties and the Portfolio Purchase Discount

    For almost every product out there, a discount is available for buying in bulk. The same is true for real estate, including single-tenant net lease properties.

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  • Recap of ICSC Las Vegas

    The annual pilgrimage for brokers, developers, and tenants to Las Vegas took place this past week. The 2015 ICSC RECON event brought together 34,000 attendees and 1,000 exhibitors to discuss industry trends and make deals.

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  • An Overview of Sale-Leaseback Transactions

    Many business owners reach a point where they need additional capital to fuel growth. Traditional means of doing this include raising equity or taking on more debt. One of the more under utilized options for businesses that own their own real estate however is the sale-leaseback.

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  • Wendy’s Refranchising 640 Stores

    Following a pattern we’re seeing in the wider market, Wendy’s this week announced that they were going to sell as many as 640 stores to their franchisees. This on the heels of McDonald’s announcing they would do the same for 3,500 stores as part of their effort to boost the bottom-line. …

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  • McDonald’s Cap Rates So Far Unaffected by Corporate Turmoil

    McDonald’s (MCD), a long time behemoth in the net lease sector, has found itself under significant pressure lately.

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  • Net Lease Advisor: First Choice Emergency

    First Choice Emergency, listed as Adeptus Health, Inc. (NYSE: ADPT), is an emergency room services provider that operates 55 ER clinics across the United States*. The company operates stand-alone centers with board certified physicians that can provide most services offered by conventional hospital ERs. Adeptus Health is backed by growth private equity firm Sterling Partners. …

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  • Net Lease Properties: Evidence of a Shift in Quality

    It is no secret cap rates for net lease properties, and investment real estate in general, have compressed dramatically in the last few years. This trend is especially pronounced for properties with investment grade tenants and long lease terms which are trading at all time low cap rates.

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