globest.com

Error

An error occurred while fetching the data.

Error details: Error: INTERNAL_ERROR for 7535ce6e-dd91-aad7-cc92-f95363e33952: {"response":{"errors":[{"message":"INTERNAL_ERROR for 7535ce6e-dd91-aad7-cc92-f95363e33952","locations":[{"line":93,"column":7}],"path":["articlePackages"],"extensions":{"classification":"INTERNAL_ERROR"}}],"data":{"articleData":{"uri":"/2019/07/31/why-guardian-is-bullish-on-single-tenant-net-lease/","canonicalUrl":"https://www.globest.com/2019/07/31/why-guardian-is-bullish-on-single-tenant-net-lease/","generatedId":"gee45eeihf","naturalId":"blogAndPostId/blog/post/311-11542","recombeeId":"311-11542","type":"ARTICLE","postFormat":null,"kickerPresentedBy":{"label":"","value":""},"breadcrumb":[],"presentedBy":"","title":"Why Guardian Is Bullish on Single-Tenant Net Lease","readtime":"3","timeToRead":"3 minute","prettyModified":"","prettyDateTime":"July 31, 2019 at 02:00 PM","needToKnow":[],"byline":"Kelsi Maree Borland","nofollow":false,"showDisclaimer":true,"authors":[{"name":"Kelsi Maree Borland","description":"<div>Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more. </div>","imageLarge":"https://secure.gravatar.com/avatar/d1cf3040549a3fc95ed852953b27ac30?s=136&d=mm&r=g","webUrl":"/author/profile/kelsi-maree-borland/"}],"publication":"Globe Street","kicker":"","kickerNode":[],"prettyDate":"July 31, 2019","pubDate":"2019-07-31 14:00:11:000","modifiedDate":"","isDownload":"false","primaryCategory":{"channelName":"","sectionName":"","name":"","uri":"","slug":"","channelUri":""},"tags":["David E. Hooston","Guardian Advisory","John Halvorson"],"image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/311/2019/07/Screen-Shot-2019-07-22-at-6.06.39-PM.png","width":"616","height":"372","alt":""},"embed1":"","embed2":"","summary":"Single-tenant net lease assets have historically low volatility and offer investors a passive management style. ","categories":[],"allCategories":[{"sectionName":"National","channelName":"GlobeSt Market"},{"sectionName":"Orange County","channelName":"GlobeSt Market"},{"sectionName":"Net Lease","channelName":"Globest Sectors"},{"sectionName":"Retail","channelName":"Globest Sectors"},{"sectionName":"Capital Markets","channelName":"Globest Topics"},{"sectionName":"Midwest","channelName":"Region"},{"sectionName":"Northeast","channelName":"Region"},{"sectionName":"Southeast","channelName":"Region"},{"sectionName":"Southwest","channelName":"Region"},{"sectionName":"West","channelName":"Region"}],"bodyArray":["<figure id=\"attachment_11347\" align=\"aligncenter\" width=\"616\" xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\"><a href=\"https://images.globest.com/contrib/content/uploads/sites/311/2019/07/Screen-Shot-2019-07-22-at-6.06.39-PM.png\"> <img class=\"size-full wp-image-11347\" src=\"https://images.globest.com/contrib/content/uploads/sites/311/2019/07/Screen-Shot-2019-07-22-at-6.06.39-PM.png\" alt=\"John Halvorson\" width=\"616\" height=\"372\"/></a> John Halvorson</figure> Guardian Advisory is bullish on the single-tenant net lease market. The firm launched its first single-tenant net lease-focused fund earlier this month, targeting a $50 million fund raise, and says that the asset class has historically low volatility and offers investors a passive management style. In today's environment, single-tenant assets are also offering competitive yields compared to other asset classes. “Single-tenant net lease properties is a market with historically low volatility that appeals to investors seeking passive investments,” John Halvorson, a principal at Guardian Advisory, tells GlobeSt.com. “For example, for properties targeted by the Guardian Net Lease Fund I, tenants are responsible for all physical maintenance of the properties, including structure, roof, HVAC, and parking, as well as property taxes and utilities. This level of certainty of net cash flow and low levels of deferred maintenance results in low volatility for property valuations found with these properties.” <figure id=\"attachment_11346\" align=\"aligncenter\" width=\"616\" xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\"><a href=\"https://images.globest.com/contrib/content/uploads/sites/311/2019/07/Screen-Shot-2019-07-22-at-6.06.04-PM.png\"><img class=\"size-full wp-image-11346\" src=\"https://images.globest.com/contrib/content/uploads/sites/311/2019/07/Screen-Shot-2019-07-22-at-6.06.04-PM.png\" alt=\"David E. Hooston\" width=\"616\" height=\"372\"/></a> David E. Hooston</figure> As other asset classes have already matured, retail and single-tenant assets in particular are earlier in their recovery cycle due to challenges with ecommerce competition. As a result, the asset class is now offering better yields. “The NNN net lease investment category today offers competitive yields and returns against other real estate categories, with lower quantifiable risk and marketability; the ability to transact the sale of these properties in just 60 to 120 days,” David E. Hooston, a principal at Guardian Advisory, tells GlobeSt.com. “This desirable combination of benefits is hard to find in the real estate industry, or in other investment categories today, which is why so many investors are drawn to single-tenant NNN net lease investments.” To take advantage of the benefits in single-tenant net lease, Guardian is planning to focus on properties with in-place, long-term leases and national credit tenants. This includes household names like Walgreens, CVS, O'Reilly Auto Parts and Dollar General. These offer a high level of stability and reliable ROI,” says Halvorson. “The fund's investment properties will have diversity of geography and purpose, and industry diversification with some level of insulation from the Amazon effect. “Specifically, we will be targeting properties in secondary markets outside of California, primarily in the sunbelt region—stretching from Texas to Miami. The markets we are targeting include Phoenix, Dallas and Fort Worth—each of which continue to experience good economic growth, with weather that tends to be less harsh on properties which significantly reduces tenant's likelihood of unintended deferred maintenance.” The fund aims to aggressively acquire properties throughout the US in this niche. “Our goal is to invest in 30 to 40 properties ranging from 1,500 to 15,000 square feet,” says Hooston. “Targeted properties will be strategically situated in premier locations with high traffic counts and existing or potential high store sales.” "],"slides":[],"video":null},"articlePackages":null,"youmightlike":[{"uri":"/2025/07/11/omaha-multifamily-vacancy-spikes-as-rent-growth-slows/","title":"Omaha Multifamily Vacancy Spikes as Rent Growth Slows","byline":"Anthony Russo","prettyDate":"July 11, 2025","readtime":"2","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/f2/83/89fae89443be8f2103687f341975/omaha-nebraska-article-202507091551.jpg","width":"620","height":"372"},"summary":"More supply is entering the market. "},{"uri":"/2025/07/11/houston-industrial-rents-surge-by-5-as-demand-remains-high/","title":"Houston Industrial Rents Surge by 5% as Demand Remains High","byline":"Anthony Russo","prettyDate":"July 11, 2025","readtime":"2","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/89/e0/a74e6852470ba41c31d99aaa9ac0/houston-skyline-article-202507101504.jpg","width":"620","height":"372"},"summary":"Net absorption is expected to remain positive and possibly even rise in the coming months. "},{"uri":"/2025/07/11/homebuyers-need-a-17000-raise-just-to-afford-the-typical-home/","title":"Homebuyers Need a $17,000 Raise Just to Afford the Typical Home","byline":"Philippa Maister","prettyDate":"July 11, 2025","readtime":"3","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/26/48/8eae4bfa409aa713ca63467b5900/unaffordable.jpeg","width":"620","height":"372"},"summary":"Affordability issues have left 3.4 million homes available for rent or sale sitting empty."},{"uri":"/2025/07/11/retail-vacancy-rate-edges-up-in-q2-as-store-closures-hit-market/","title":"Retail Vacancy Rate Edges Up in Q2 as Store Closures Hit Market","byline":"Kristen Smithberg","prettyDate":"July 11, 2025","readtime":"3","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/37/c8/5a1d0f394dc09c1e9abb315bd6f1/store-closing.jpeg","width":"620","height":"372"},"summary":"New York and Atlanta tied for the top retail market in the United States."},{"uri":"/2025/07/11/developers-pivot-to-conversions-as-dc-office-glut-grows/","title":"Developers Pivot to Conversions as DC Office Glut Grows","byline":"Kristen Smithberg","prettyDate":"July 11, 2025","readtime":"3","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/46/51/a9d2701042de8add7a1d2e4e8d4b/construction.jpeg","width":"616","height":"372"},"summary":"Conversions and demolitions have exceeded new supply for three years."},{"uri":"/2025/07/11/multifamilys-rising-loan-maturities-create-new-buying-opportunities/","title":"Multifamily's Rising Loan Maturities Create New Buying Opportunities","byline":"Erik Sherman","prettyDate":"July 11, 2025","readtime":"3","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/3d/26/2b933d304f09aae46772f0115fa0/buying-opportunity.jpeg","width":"620","height":"372"},"summary":"Distressed sales loom amid high debt and low coverage ratios."}],"readnext":{"contents":[{"uri":"/2025/07/10/florida-ends-tax-on-commercial-rent-bringing-relief-to-tenants/","title":"Florida Ends Tax on Commercial Rent, Bringing Relief to Tenants","byline":"Anthony Russo","summary":"The removal of the tax will increase the state's competitive advantage and lure more folks to Florida. ","prettyDate":"July 10, 2025","kicker":"Features","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/2f/09/e07355b545bea551e6091b646509/kingsley-jonathan-620x372-1.jpg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Region","sectionName":"Southeast","slug":"southeast-region-globest-markets","channelUri":"region"},{"channelName":"Globest Sectors","sectionName":"Office","slug":"office","channelUri":"sectors"},{"channelName":"Globest Sectors","sectionName":"Retail","slug":"retail","channelUri":"sectors"},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":"sectors"},{"channelName":"Kicker","sectionName":"Features","slug":"features-kicker","channelUri":""}]},{"uri":"/2025/07/10/multifamily-delinquencies-climb-amid-worsening-cre-loan-performance/","title":"Multifamily Delinquencies Climb Amid Worsening CRE Loan Performance","byline":"Erik Sherman","summary":"Growth slows, delinquencies rise, and multifamily losses hit a peak.","prettyDate":"July 10, 2025","kicker":"Analysis","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2023/04/Delinquent-Loan-Article-202304060805.jpg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":"sectors"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":""}]},{"uri":"/2025/07/11/top-10-cre-funds-stockpile-billions-as-market-wonders-whats-next/","title":"Top 10 CRE Funds Stockpile Billions as Market Wonders What’s Next","byline":"Erik Sherman","summary":"The funds remain unused as they await the right opportunity.","prettyDate":"July 11, 2025","kicker":"Features","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/ec/07/e42f1dd84c54b5f0c4804ce6fdad/dry-powder.jpeg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Features","slug":"features-kicker","channelUri":""}]},{"uri":"/2025/07/11/multifamilys-rising-loan-maturities-create-new-buying-opportunities/","title":"Multifamily's Rising Loan Maturities Create New Buying Opportunities","byline":"Erik Sherman","summary":"Distressed sales loom amid high debt and low coverage ratios.","prettyDate":"July 11, 2025","kicker":"Analysis","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/3d/26/2b933d304f09aae46772f0115fa0/buying-opportunity.jpeg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":"sectors"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":""}]},{"uri":"/2025/07/10/disagreement-grows-among-fed-officials-on-rate-cut-timing/","title":"Disagreement Grows Among Fed Officials on Rate Cut Timing","byline":"Erika Morphy","summary":"The tariff debate is disrupting the Fed’s policy playbook.","prettyDate":"July 10, 2025","kicker":"Analysis","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/b1/0e/89779ab049e2a63ea4ff1d0fb5e9/fed-resize-jpeg.jpeg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Globest Topics","sectionName":"Economy","slug":"economy","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":""}]}]},"events":{"events":[{"eventTitle":"GlobeSt. ELITE Women of Influence (WOI) 2025","venueName":"","cleCredit":"no","description":"GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.","registrationURL":"","docUri":"/data-sources/events/GlobeSt.ELITEWomenofInfluence(WOI)2025:2024-09-03-04:00:33.xml","eventEndDate":"July 22, 2025","eventStartDate":"July 21, 2025","industry":["Real Estate"],"audience":["Conferences","Real Estate"],"city":"Denver","learnMoreLinkFile":"https://www.event.globest.com/WomenOfInfluence","imageUri":"https://assets.swoogo.com/uploads/full/4358074-66d72c273ea79.png","imageUri2":"https://assets.swoogo.com/uploads/full/4358079-66d72c46e3ce4.png","practiceArea":["Diversity","Leadership & Management","Women of Influence"]},{"eventTitle":"GlobeSt. Multifamily Fall 2025","venueName":"","cleCredit":"no","description":"Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!","registrationURL":"","docUri":"/data-sources/events/GlobeSt.MultifamilyFall2025:2025-04-10-04:00:43.xml","eventEndDate":"October 15, 2025","eventStartDate":"October 15, 2025","industry":["Real Estate"],"audience":["Conferences","Real Estate"],"city":"Los Angeles","learnMoreLinkFile":"https://www.event.globest.com/multifamily-fall","imageUri":"","imageUri2":"","practiceArea":["Multifamily"]}],"searchParams":{"estimate":2}}},"extensions":{"DateTime":"2025-07-13T02:20:25.547673749","ResponseTime":"?","AuthorizedUser":false,"AlmContext":"AlmContext{clientIP='10.0.253.254', internalIP='true', origin='', authorizedUser='false', Chinchilla, userAccount='null', UCID=null, ipAccount='null', olyEncId='null'}","NavServiceResponse":{"message":"No Content","action":"show-404","data":"","placResultsPublic":null},"DebuggingData":null,"UsedCache":"true","DataUrl":"http://ml2.alm.com:9216/bff-services/content/get-you-may-like-for-content.xqy?naturalId=/2019/07/31/why-guardian-is-bullish-on-single-tenant-net-lease/&site=www.globest.com&total="},"status":200,"headers":{}},"request":{"query":"\n####\n####\n# QUERY\n# ROUTE:/2019/07/31/why-guardian-is-bullish-on-single-tenant-net-lease/\n####\n\n\nquery Globest__view_article_no_sitedir{articleData:\n getContent(naturalId: \"/2019/07/31/why-guardian-is-bullish-on-single-tenant-net-lease/\", site:\"globest.com\") {\n uri\n canonicalUrl\n generatedId\n naturalId\n recombeeId\n type\n postFormat\n kickerPresentedBy {\n \t\t label\n \t\t value\n \t\t}\n breadcrumb{\n name\n \t\turi\n }\n presentedBy\n title\n readtime\n timeToRead\n prettyModified\n prettyDateTime\n needToKnow\n byline\n nofollow\n showDisclaimer\n authors {\n name\n description\n imageLarge\n webUrl\n }\n publication\n kicker\n kickerNode {\n name\n slug\n uri\n sectionName\n }\n prettyDate\n prettyDateTime\n pubDate\n modifiedDate\n isDownload\n primaryCategory {\n channelName\n sectionName\n name\n uri\n slug\n channelUri\n }\n tags\n image {\n uri\n width\n height\n alt\n }\n embed1\n embed2\n summary\n categories {\n name\n uri\n channelName\n }\n allCategories {\n sectionName\n channelName\n } \n bodyArray\n slides {\n title\n image\n caption\n height\n width\n }\n video\n\n }\n articlePackages:\n getPackagesForArticle(docId: \"/2019/07/31/why-guardian-is-bullish-on-single-tenant-net-lease/\", limit: 3, publication:\"globest.com\") {\n title \n slug\n type \n summary\n cssFile\n navigations {\n name\n link\n }\n articles {\n title\n kicker\n uri\n image {\n uri\n }\n }\n\n \n }\n youmightlike:\n getYouMayLikeForContent(naturalId: \"/2019/07/31/why-guardian-is-bullish-on-single-tenant-net-lease/\", site:\"globest.com\") {\n uri\n title\n byline\n prettyDate\n readtime\n image {\n uri\n width\n height\n }\n summary\n }\n readnext:\n getStatsList(site:\"globest.com\", topic: \"\", limit: 5, timeframe: \"3days\" ) {\n contents {\n uri\n title\n byline\n summary\n prettyDate\n kicker\n image {\n uri\n width\n height\n }\n breadcrumb{\n name\n \t\turi\n }\n primaryCategory {\n name\n uri\n channelName\n channelUri\n }\n allCategories{\n channelName\n sectionName\n slug\n channelUri\n }\n breadcrumb {\n name\n uri\n }\n }\n\n }\n events:\n getFutureEvents(\n publication: \"GlobeSt\"\n pageSize: 10\n page: 1\n ) {\n events {\n eventTitle\n venueName\n cleCredit\n description\n registrationURL\n docUri\n eventEndDate\n eventStartDate\n industry\n audience\n city\n learnMoreLinkFile\n imageUri\n imageUri2\n practiceArea\n }\n searchParams {\n estimate\n }\n }\n }"}}

Go Home

Instant Insights /

Error