Though sales of net leaseproperties fell in the first quarter, it wasn't for lack ofinterest, according to Richard T. Murphy, senior vice president ofthe US Capital Markets Net Lease Group at Avison Young.
"A lot of the institutions areout there still looking for product," Murphy says. "A lot of peopleraised a lot of money. There was a lot of money raised this year togo out and take down a lot of deals. That money's still outthere."
What will change, according toMurphy, are return expectations. "But I still think that there'sstill fairly healthy demand out there," Murphy says.
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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.
