chi-RandyBlankstein (2) Randy Blankstein, president of The Boulder Group, a net lease firm in Wilmette, IL.

CHICAGO—The change in net lease property cap rates during the second quarter showed mixed results, with retail cap rates experiencing their greatest quarterly increase since 2011, while office and industrial rates compressed. According to The Boulder Group’s Second Quarter National Net Lease Report, the number of properties listed also increased significantly, as sellers look to sell assets before cap rates increase further.

“In general, it was a neutral quarter for the net lease industry as an increase in the supply of properties on the market balanced out a number of more positive forces,” says Randy Blankstein, president of Wilmette, IL-based Boulder. “The net lease sectors that demonstrated positive momentum included medical, quick service restaurants, dollar stores and grocery. That contrasts the sporting goods and banking sectors which experienced negative results.”

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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