Growing up as a child of the '70s, I remember the mascot of a famous magazine (Namely, "Mad") proclaiming in every issue: "What, Me Worry?"
That old catchline came back to me when I saw reports that the 10-year Treasury has increased to a one-year high of 1.6 percent. But, frankly, some of the reaction has been as unnerving as the rate hike is supposed to be. Case in point: here's the CNBC market headline, "10-Year Treasury Yield Jumps to a One-Year High of 1.6%, a Rapid Move That Unnerves Investors."
Well, don't go hiding under the covers quite yet. Yes, it's a significant movement, for the net lease market as well as for commercial real estate investments as a whole. But we've faced much worse news in the past 12 months, so I think we can deal with an interest-rate hike. Unlike the disruption of COVID, when it comes to rate hikes, well, been there, done that.
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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.
