TULSA, OK—“Many investors are leaving or further diversifyingtheir stock and bond portfolios, and putting their money to work insingle-tenant, net lease investments.” So says Stan Johnson's BradPepin, senior director in the Tulsa, OK office. GlobeSt.comrecently caught up with Pepin to chat about net lease developmentand the state of the financial markets impacting investor interestin net lease retail properties in preparation forthe upcoming ICSC ReCon event in Las Vegas.

GlobeSt.com: How would you describe developmentactivity in net lease retail properties? How has it changedover the past few years?

Brad Pepin: Net lease retaildevelopment continues to be strong throughout the country,especially in high-growth areas. In addition, retailers suchas Dollar General and Family Dollar have expanded their footprintexponentially as compared to pre-recession norms. Net leaseinvestors, both institutional and individual, continue to seekproduct at an aggressive level and causing there to be more demandthan supply. This, combined with low interest rates, has keptcap rates at historical lows.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.