Subject: Net Lease (NNN)

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 ...

A venture of Winstanley Enterprises and Surrey Equities has put a portfolio of 12 net-leased supermarket properties up for sale through JLL Capital Markets. The 804,000-square-foot portfolio, leased to Stop & Shop and Giant Foods, both units of Dutch grocery ...

Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...

Calkain Cos. has opened an office in Manhattan and hired Michael Heneghan as senior managing director to run it. The office becomes the sixth for the Herndon, Va., brokerage, which specializes in properties that are net leased to their tenants. ...

Office-market fundamentals in suburban Washington, D.C., tumbled in the first quarter, according to brokerage Cassidy & Pinkard Colliers. The vacancy rate in northern Virginia increased 2.2 percentage points to 13.3 percent as the amount of space that became available exceeded ...

USF&G Financial Services Corp. has negotiated the termination of its lease for 100 Light St., a 530,000-square-foot office building in downtown Baltimore that is owned by Lexington Realty Trust. USF&G, a unit of St. Paul Fire and Marine Insurance Co., ...

Crain's Cleveland Tucker Ellis & West LLP plans to lease 100,000 square feet at the Old River Road building in Cleveland's Flats East Bank Neighborhood. The law firm plans to vacate its space in the Huntington Building when its lease ...