SLBs Have Slowed, But Investors Foresee Growth

The RealShare Net Lease sale-leasebacks panel had a realistic but generally positive tone.

NEW YORK CITY—Although several sale-leaseback players have seen a slow-down in the market, they haven’t given up hope just yet. In fact, they remain active in the market and have noticed some trends, a group of them said during a panel discussion here on Thursday at RealShare Net Lease.

“Last year was down year-over-year about 10%, but some big office deals skewed that so activity is down more like 25% and that has continued this year with a slow first quarter,” noted Matt Tucker, managing director, Gladstone Commercial Corp. “2017 could be good but it’s going to depend on if tax reform gets done and what legislation passes.”