Subject: Net Lease (NNN)

Commercial Real Estate Direct Staff Report An affiliate of Blue Owl Capital Inc. has paid $97.32 million for a portfolio of six industrial properties with 1.54 million square feet in six states. The New York investment manager, which operates a ...

Transaction activity in the sale-leaseback market declined by 35 percent to $3.36 billion in the third quarter, from $5.18 billion in the second quarter. A year ago, volume had totaled $5.12 billion.

Realty Income Corp. has agreed to acquire Spirit Realty Capital Inc. in a deal valued at $9.2 billion, further cementing its position as the behemoth of the net-lease REIT sector. The San Diego REIT will issue 0.762 of its shares ...

New Mountain Capital has raised $825 million of equity commitments for its latest net-leased real estate investment fund, New Mountain Net Lease Partners II LP. The New York investment manager committed $100 million of the amount raised, with the remainder ...

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 ...