REIT Outlook on Net Lease Remains Strong Despite Ongoing Uncertainty

“It feels like we’re in another environment where we’re resetting."

By Holly Johnson Amaya | November 02, 2023 at 04:05 PM

Net lease deal flow for REITs has been steady over the last six months, according to panelists at this year’s GlobeSt Net Lease conference in Los Angeles – but the environment appears to be “resetting” a bit amid ongoing market uncertainty.

“I think if we look back to Q1, it was largely apparent that the industry was trying to find its footing in terms of price and accelerating off the heels of Q4 2022 and the market turmoil in the rate environment,” said Keith Griffin, VP Acquisitions at Spirit Realty Capital. “That made Q1, I would say, a little bit lighter than what we were anticipating….but now it feels like we’re in another environment where we’re resetting here.”

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