On July 15, the extension deadline for 1031 Exchange investors to choose on their replacement assets passed.
With the deadline in the rearview mirror, single-tenant net-leased (STNL) asset sale velocity flattened in August 2020, according to The August 2020 NNN Market Intelligence Report Chris Pappas, associate director with Marcus & Millichap's Net Lease Division.
Total STNL asset sales rose by just eight transactions between July and August from 320 to 328, respectively, which was a small 2.5% increase.
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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.
