Tampa, FL – Earlier this week, Calkain attended the ICSC Florida Conference and Deal Making show in Orlando, Florida. For the second year in a row, Calkain facilitated the Special Industry Group (SIG) session on Net Lease Development and Sales.
Having worked with ICSC since the inception of this SIG program, David Sobelman, Executive Vice President and Managing Partner at Calkain, stated
The net lease sector continues to be a focus for investors with growing interest in net lease from all retail real estate practitioners. Net lease is a true industry sector, not just a niche topic for a select few participants.”
The 2016 event saw another wonderful turnout in an expanded location, following up a standing-room-only attendance in 2015.
David Sobelman was joined by Patrick Nutt, also a Managing Partner at Calkain, as co-host of the panel. During the SIG the duo covered market trends and hot topics within net lease to the Florida ICSC membership. Nutt pulled from a newly published research report entitled 2016 Florida Net Lease Report provided by Calkain Companies in conjunction with Beshears & Associates. For a copy of the presentation, please contact Nutt directly.
Florida has been a national leader both in terms of investor interest in net leased assets, as well as the overall valuation of net lease assets. The fact that Florida continues to outperform nearly all other markets across the nation seems to be driven in large part to the expanding population, lack of a state income tax, and overall long-term bullish view on the Florida economy. According to Nutt, “We continue to see investor demand outpacing the supply for net lease investments occupied by best-in-class national retailers across the Sunshine State. The tri-county market of South Florida certainly leads the way, but Tampa and Orlando aren’t too far behind.”
Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. Calkain has a national platform with offices throughout the East Coast. Additional information about the firm and listings may be found at calkain.com.