Skyrocketing prices for new and used vehicles is making it more likely that consumers will maintain their existing vehicles and it's leading investors to look for ways to play the trend in commercial real estate.
Ares Management Corporation announced that funds managed by its Alternative Credit strategy and Real Estate Group have acquired Capital Automotive (CARS) from a Brookfield private real estate fund for $3.8 billion.
Lanie Beck, Stan Johnson Company, Director of Corporate Research, Marketing & Communications, tells GlobeSt.com that automotive retailers have always been a staple of the net lease investment market.
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