Domestic and international capital is flooding the single-tenant net lease space, with sales volume from the second half of last year hitting $64 billion, 40% above same-period numbers in 2019.
A record $100 billion in single-tenant and net lease deals were completed last year, according to research from Colliers, with institutional capital and private equity leading the charge toward the space. Institutional, REIT, and cross-border capital sources accounted for almost 60% of all acquisition volume last year in the space, compared with 43% for the broader market.
Colliers notes that KKR's Strategic Lease Partners accounted for six deals totaling $780 million, while Blackstone and Brookfield each claimed several "headline-making" transactions last year. In addition, Colliers notes, Carlyle has announced plans to acquire an 18.3 million square foot net lease portfolio from iStar for $3.07 billion.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
