Reactions to the Florida 2012 ICSC

Here are some quick net lease observations from the floor of the Florida ICSC 2012:

• Overall optimism for the future.
• Lack of companies/tenants building new buildings but new development is occurring with some tenants.
• Everyone is anxious to see the outcome of the election and how that will effect long term capital gains taxes for next year.
• Net lease properties were very well received as they are one of the few bright spots that are ongoing in the investment market.
• Appetite for higher risk higher yield deals are increasing. 
• More investors are getting comfortable with franchisee credit, shorter lease terms, or private non-rated companies. 
• More banks are having high net worth individuals interested in NNN real estate investments. 
• A large number of apartment owners are looking to exit apartments and 1031 into NNN properties. 
• Wawa is delicious!
• More deal discussions with brokers (current listings and just solds).
• Lots of networking outside of exhibition halls.