In this market, as cap rates expand for net lease properties,relationships will matter.

"I think this is becoming a very relationship-driven marketplacein the capital markets right now," says James Koman, CEO of ElmTreeFunds. "If you don't have those deep relationships where you have astrong balance sheet, or you're sitting on a lot of dry gunpowderright now, it's going to be a much tougher process to work withinthe lending community."

For the next two to three months, Koman doesn't see a lot ofdeals being completed on net lease properties.

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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.