Net Lease

It's a $58 billion industry which has experienced steady growth over the past few years, according to a new study by Quantum Real Estate Advisors.

Investors are attracted to the metro area's healthy retail fundamentals underpinned by nation-leading population and employment growth, leading to the sale of two single-tenant retail buildings.

The latest deals, personnel moves and trends in the Midwest region.

The latest to do so was W. P. Carey, which blew past consensus estimates of its fourth-quarter performance with Friday's earnings report.

Brennan Investment Group's Scott McKibben says the 2.3-million-square-foot sale-leaseback is with “an established tenant with long-term commitment to the areas.”

Even as the role of retail pharmacy stores is changing, the physical buildings and land continue to be worthwhile investments, with a steady rate of return.

The spun-off gaming casino REIT also raised $1 billion in a private equity offering late last year.

Under its new ownership, “the structure and operations of the Cole REITs should continue without disruption,” says Bill Miller, CEO of what is now known as CCO Capital LLC.