NEW YORK CITY—Single-tenant operational real estate is not only part of the name of STORE Capital, it's also the net lease REIT's underlying strategy. “It's profit-center real estate” for the tenants who lease the assets, explains Christopher Volk, the company's president and CEO, who took STORE public this past November. For the REIT and its investors, it's an asset class with three sources of income, compared to two for most commercial properties.
It's also an asset class with greater resistance than most to the economy's expansions and contractions. “As the economy expands, people will expand the locations of these assets,” Volk says in an EXCLUSIVE interview at RealShare Net Lease. When it begins to contract, “the ability of profit-center real estate tends to be a little more stable than corporate credit strength.”
Volk also charts the size of the “STORE properties” asset class and explains why there are considerable opportunities for growth. Watch the complete video for more.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
