Subject: Net Lease (NNN)

Asking capitalization rates for net-leased properties in the retail, office and industrial sectors have now increased for four consecutive quarters to an average 6.61 percent, according to the Boulder Group. Investors, however, believe that relief may be on the horizon ...

Asking capitalization rates for net-leased properties in the retail, office and industrial sectors have now increased for three consecutive quarters to an average 6.52 percent in the fourth quarter, according to the Boulder Group.

Blue Owl Capital, which last year had acquired net-lease specialist Oak Street Real Estate Capital, has launched an open-end fund that targets investments in net-leased properties. Shares in the fund will be distributed initially through Morgan Stanley. Other broker-dealers are ...

Blue Owl Capital Inc., an alternative investment manager that specializes in providing financing to other investment managers and their portfolio companies, has agreed to acquire Oak Street Real Estate Capital, which specializes in the net-leased property market. Blue Owl, of ...

Aries Capital has launched a strategy to invest in net-leased industrial properties in the Southeastern United States. The Chicago real estate investment bank has completed its first acquisition, paying $6.5 million, or $456.14/sf, for the 14,250-square-foot Lyft Atlanta Driver Service ...

L.A. Biz Nuveen Real Estate has paid $59.6 million, or $251.48/sf, for the 237,000-square-foot industrial property at 2950 East Philadelphia St. in Ontario, Calif. The Chicago investment manager purchased the property from Myers Power Products Inc., a manufacturer of lighting ...

Realty Income Corp. has agreed to buy VEREIT Inc. through a stock swap, creating one of the largest REITs in the country, with an enterprise value of about $50 billion. The surviving company will own 10,300 properties with nearly 200 ...

A total of $60.5 billion of net-leased properties changed hands last year, down from $80 billion in 2019, according to CBRE. But that lower volume amounted to 14.8 percent of the $405.4 billion of total property sales completed last year ...

Guggenheim Investments has committed $600 million to a venture with ElmTree Funds that will pursue net-leased industrial properties across the United States. The venture will specifically target last-mile distribution facilities. ElmTree, a St. Louis investment manager, was founded in 2011 ...

Capitalization rates, or the initial yields that investors require from triple-net leased properties, last year declined to historic lows as interest rates remained low and investors pushed up prices for the safest properties. Cap rates have, in fact, declined steadily ...