NEW YORK CITY-At RealShare Net Lease Wednesday panelists saw an end to the cap rate compression and better buy opportunities in the wings as capital continues to chase deals.

German bank HSH Nordbank AG has established HSH N Residual Value Ltd., a Bermuda-based insurance company formed to provide residual value insurance for commercial real estate, particularly credit tenant lease and sale-leaseback properties.

Performance is is being discussed more and more among many active participants in the TIC marketplace. Concern about underperforming properties and a general lack of information about many sponsors' performance are the key issues.

Two kinds of retailers sold properties in the UK via sale-leasebacks last month. In one transaction, GE Real Estate UK and Paradigm Real Estate Managers Ltd. acquired a portfolio of 148 automotive repair shop properties.

A consortium of investors led by Australia's Macquarie Bank Ltd. and Kaupthing Bank hf of Iceland has agreed to buy single-tenant property REIT Spirit Finance Corp. in a $3.5-billion deal.

On the heels of completing a secondary offering of $550 million for Corporate Property Associates 16-Global Inc., W.P. Carey & Co. plans to launch a new investment fund that could raise as much as $2 billion of equity for net lease properties.

Paris-based hotelier Accor SA and London-based Land Securities Trillium, the property partnership business of Land Securities Group PLC, agreed to a 30-property sale-leaseback with an acquisition price of 439-million British pounds or about US$857 million.

Bills with implications for the tenant-in-common industry have been proposed in Montana and Oregon, and those familiar with the proposals say an effort is underway to introduce similar legislation in Idaho.