Commentary

What Will the Failed Rite Aid-Walgreens Merger Mean to Net Lease Investors?

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Jonathan Hipp

Walgreens had entered into an agreement to acquire Rite aid in October 2015. The agreement was stalled while both companies waited for approval from the Federal Trade Commission (FTC). In December 2016, divestiture of many Rite Aid locations to Fred’s, Inc was announced. This was intended as an appeasement in order to get the FTC’s approval.

Jonathan Hipp

Jonathan Hipp

Jonathan Hipp's passion for strategically matching investors to lucrative real estate opportunities that maximize value and exceed investment goals has been the driving force for his success throughout his 25-year career in real estate. His expertise in the commercial real estate market led him to co-found Calkain Companies in 2005, a company focused solely on single tenant net lease investment services. As President and CEO of Calkain, Jon has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $11 billion of triple net lease deal volume over the past 11 years. Realizing the value for his clients to have access to net lease information, Jon expanded Calkain's services to include brokerage, advisory, asset management, debt and equity placement, and industry research. In addition to brokering net lease transactions, Jon actively manages his real estate portfolio through Hipp Capital Holdings. He continually engages new investors, seeking out ideal revenue generating assets that match his investors’ portfolio strategies and risk tolerance. Jon 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, his passion for the real estate business was again recognized when he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.

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