Photo by Shutterstock.
There is a prevalent notion that an investor can just buy a netlease property and enjoy the rent checks rolling in each month. ButNoah Shaffer, senior director of asset management for ConfidantAsset Management, says that isn't always the case.
"Landlords are starting to get calls from Walgreens and others,saying, 'Hey, Amazon is really killing us," Shaffer says. "'We'regoing to need a 25% rent reduction.' And those landlords, whothought this was a passive investment for 15 years, aren't preparedto make a decision on something presented by the corporate tenant.So, as a result, they make poor decisions about their investmentasset."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
