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Sarasota, Fla.

GlobeSt.com caught up with SRS Real Estate Partners’ Patrick Nutt and Britt Raymond to find out what is happening with the capital flows into Florida’s single-tenant net lease space. A lot, as it turns out.

What are you seeing in terms of a trend of STNL capital migration to Florida?

Nutt: Florida’s economy and tax-friendly environment has long been a driver for population growth in the state, which has in turn attracted outside investment across all real estate sectors. That said, the enactment of the SALT provisions in the latest tax plan have been a catalyst for investors to re-think where they live and invest, especially those in high tax markets like California and the greater New York City MSA. The movement of investment capital from management-intensive to passive has always been there, but the addition of the tax motivations has added real momentum to the flow.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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