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Consumer Confidence Gains – Positive STNL Activity Expected

Consumer Confidence has been surging, hitting 117.9 on their index in May of 2017, and the National Federation of Independent Business’ (NFIB) Small…

Jonathan Hipp

Consumer Confidence has been surging, hitting 117.9 on their index in May of 2017, and the National Federation of Independent Business’ (NFIB) Small Business Economic Trends index reports that business confidence is at an incredible high. These bright outlooks sit in stark contrast to the weak GDP growth of 1.2% observed in Q1 2017. After a quarter of weak growth and optimistic outlooks many economic forecasters expect the second quarter growth to be large, possibly in the range of 4 percent.

A Federal Reserve Bank survey of senior loan officers at major US banks revealed lending standards across commercial real estate tightened during the first quarter. The respondents also indicated that there is shrinking tolerance for risk. Even with credit markets tightening the shock to the Single Tenant Net Lease (STNL) segment will be somewhat smaller than elsewhere in the industry. STNL area has been a favored area to deploy capital in the past.

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Jonathan Hipp

Jonathan Hipp

Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.

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