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Appreciation Homes has created what it says is the first single family residential net lease.

The purchase price is about $2.64 billion.

The deal will increase annualized rent for the combined company to $4.5 billion from $3.8 billion.

The actions seem to rest on existing programs without additional funding.

Additional factors helped explain an additional 8% of performance variation.

Demand is rising for restaurants, QSRs, automotive parts, discounters, small-format grocers, and medical/urgent care users.

Traffic went from a 0.8% dip in July to a 4.2% drop in September.

"We see e-commerce as a consistent driver of sustainable and normalized demand through the rest of the decade,"