Don't believe everything you read. If you do, you're likely to make the assumption that all of retail is a vast wasteland, that bankruptcies and defaults are the only order of the day and all a formerly vibrant shopping center is good for now is conversation to a fitness center.
Readers of this blog know better. As do readers of GlobeSt.com. In two recent articles, GlobeSt made it clear that retail investments (and for our purposes, net lease investment) can be a profitable thing. It's really a matter of where you look.
First, know what you're buying. As reporter Les Shaver revealed, Starbucks, for instance, is not only opening new stores (a whopping 22,000 in the next 10 years) but it is also experimenting with new formats, such as curbside pick-up, an obvious nod to the current social distancing necessity.
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
