Net lease has undergone a major transition, going from market niche to a transactional market force marked by big-play deals and even bigger mega-mergers. A mere glance at industry news headlines over the past several months will serve as testament to the sector’s growth, be it a big-name merger announcement, a multi-million-dollar IPO or the completion of a massive portfolio acquisition.

Sule Aygoren, the editor-in-chief of’s sister publication Real Estate Forum recently spoke to Gramercy Property Trust CEO Gordon DuGAN about the state of affairs in the net lease market. An edited version of the discussion follows.


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