While the late summer might see a pause in net lease transactions, Camille Renshaw, CEO and Founder of B+E, thinks there is still plenty of interest from large institutional investors.
B+E recently did a series of calls with investors. Renshaw says her smallest client on the calls had $250 million in dry powder, the largest had about $1.5 billion and the average one had between $500 and $750 million.
"They have capital that they needed to get out," Renshaw says. "They had earmarked for this year. When all of this [COVID-19 shutdowns] happened, everybody froze, and nobody was spending money for fear of what would happen with their tenants."
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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.
