Which Net Leased Properties Are Becoming More Mainstream?
In advance of our upcoming GlobeSt. Net Lease national conference in New York City, Glen Kunofsky, executive managing director of investments at Marcus & Millichap, says investors are seeking experiential properties as opposed to traditional retail net leases.
In case you missed it, the following story ran with net lease expert prior to COVID-19 and prior to the GlobeSt NET LEASE Conference, which has since been rescheduled to September 16-17 at the New York Marriott Marquis. Click here to register and view the agenda and read below to stay informed of the latest.
For nearly two decades, GlobeSt NET LEASE Conference (formerly a RealShare Event) has brought together the industry’s most influential and knowledgeable real estate executives from the net lease sector, and we are excited to offer our attendees more ways to connect before, during, and after the conference. We know connectivity is vital to the health and success of the commercial real estate industry and this year, we are offering both in-person and virtual tickets for attendees.
NEW YORK CITY—The market for net leased properties continues to be very strong and the demand from both the institutional and private market outweighs supply and continues to keep the cap rates low. Those thoughts are according to Glen Kunofsky, executive managing director of investments at Marcus & Millichap. Kunofsky will join a panel of net lease experts in New York City in September and will provide his view on the state of the industry as well as crucial insights from market data.
In advance of the conference, he tells GlobeSt.com that experiential net leased properties including car washes, c-stores, schools and fitness concepts are also becoming much more mainstream.
“Investors are seeking out these properties as opposed to traditional retail net leases,” he says. “We expect cap rates to remain low throughout 2020.”
The live in-person Net Lease event will be held September 16-17, as mentioned above. All live-and-virtual registrants will also have access to our new preview and post virtual days. One took place on June 11 and the other will take place on October 1. This approach captures the very essence of what our event is all about; face-to-face interactions that provide more access to exclusive content from the conference, participation in live Q&A sessions with Net Lease Thought Leaders, and video networking capabilities allowing for one-to-one meetings or impromptu discussions with the industry’s top owners, investors, developers, brokers, and financiers.