Net Lease

The QSR crown may no longer be worn by a single brand, but by several emerging brands.

Tariffs, rising construction costs, inflation concerns, and uncertainty around interest rates push investors to rethink their strategies.

Despite shifting fundamentals and increasing economic uncertainty, Gordon Whiting of TPG Angelo Gordon says that net lease assets are providing downside protection.

The industrial leasing market remains active despite a tariff-related pause.

Short-term choppiness will depend on location, type, and operations.

Restaurants were followed by grocery stores, discount, and dollar stores.

Interest rates, weak demand, hybrid work, and rising vacancies created challenges.

Completions should fall below half of their 2025 starts, which amid tariff uncertainty, could be a silver lining.