LAS VEGAS—When chatting with retail sources during the ICSC Las Vegas retail event, Britt Raymond, managing director of SRS National Net Lease Group and Market Leader NY Capital Markets, highlighted the shift in investment focus towards local or New York-based investors rather than national 1031 exchange buyers, who have been less active. Raymond emphasized the importance of investing in best-in-class assets, particularly long-term, absolute triple net leases with high-quality real estate fundamentals.

She discussed the current economic cycle and the need to prioritize preservation for core clients to ensure their survival until the market stabilizes. This may involve holding assets for a year, waiting for the market to gain momentum, or restructuring capital stacks and lease structures to mitigate losses and maintain viability.

Raymond emphasized that conducting transactions at present will involve greater market awareness and information, enabling both sellers and buyers to profit rather than the sellers suffering significant value depreciation or buyers hesitating to engage. She anticipated that once market equilibrium is reestablished and value is determined, transaction velocity will increase.

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
NOT FOR REPRINT

© 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.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.