NEW YORK CITY—The current M&A environment across corporate America, particularly retail, is helping determine the current deal flow in the sale-leaseback market, says Marcus & Millichap's Glen Kunofsky. In this EXCLUSIVE video interview at RealShare Net Lease, the MMI EVP says smaller transactions are helping to take place of the larger ones—such as the sale of Red Lobster to Golden Gate Capital—that we haven't seen many of thus far in 2015.
“A lot of people associate the sale-leaseback only with institutional buyers,” says Kunofsky, a member of both the National Retail Group and the Net Leased Properties Group within MMI. At his company, he adds, “One of things our group focuses on is giving exposure to the private buyer” in the SLB market.
Kunofsky also notes that part of the process is re-educating potential sellers on their expectations in this arena. Watch the complete video for more on this and related subjects.
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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.
