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The $50 million sale leaseback of a Carvana inspection center serves as the company's first net lease platform deal, backed by Brookfield Asset Management.
Most inventory added in Q2 since 2017, with strong absorption rates and slight increase in rents. Sales have slowed to a crawl, but Colliers sees "a conglomerate of deals" once pandemic conditions improve.
The pandemic struck at the worst time for Phoenix hotels, but a diverse tourism market and little reliance on convention business will fuel a swift recovery.