Ben Reinberg, CEO of Alliance Consolidated Group of Companies, which specializes in net-leased healthcare investments across the US, is in the process of closing on the sale of the medical office asset that 12 months ago he could have traded at a cap rate somewhere in the mid 5s. Today, he is under contract to sell the property for a 6 cap rate. 

Reinberg’s deal is not exactly the ideal illustration of the net lease transaction environment right now but it does serve to highlight the mindset some sellers are taking. “We wanted to sell and we didn’t want it to sit for however long it would take to get back to the mid 5s. Who knows, it could soon be at a 6.5 cap rate,” Reinberg says. He declined to provide more details about the transaction due to client confidentiality.

Erika Morphy

 

GlobeSt Net Lease Fall 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.