Tag: globest.com

Net Lease Properties and Opportunity Zones: Mutually Exclusive


While net lease properties offer many benefits to investors, the very nature of these assets make them difficult, at present, to qualify for the tax deferral through the Opportunity Zone program.

At this point, just about everyone involved in real estate investments has heard about the Opportunity Zone Program. Tucked away in the Tax Cuts and Jobs Act of 2017, this program encourages investors to invest capital gains from the sale of assets into Qualified Opportunity Funds (QOF). Those funds, in turn, funnel money into government-designated Opportunity Zones. Though still in its infancy, the program is being hailed as a …

Carolyn SchmidNet Lease Properties and Opportunity Zones: Mutually Exclusive

Net Lease Chasing Yield


“Nothing is on our ‘No’ List,” said one panelist at GlobeSt.com’s RealShare Net Lease conference.

NEW YORK CITY—E-commerce is not going away. So, Jimmy Goodman, a partner at the Boulder Group, moderating the “State of the Industry” panel at GlobeSt.com’s annual Net Lease Conference asked experts how is it affecting their strategies?

“Almost every transaction we do institutionally today is more and more geared around, ‘Is it an internet resistant type business?’” said Glen Kunofsky, executive managing director of investments at Marcus & Millichap.

He noted although people may think the private market is less sophisticated, it doesn’t have to

Amanda WillisNet Lease Chasing Yield

The Unequality of Net Leased Properties


Net lease properties are commercial real estate assets in which the tenant pays rent, as well as a portion, if not all of the taxes, along with insurance fees and maintenance costs involved with a property. This is the overall, accepted “umbrella” definition.…

Carolyn SchmidThe Unequality of Net Leased Properties

A Source No Longer


Retail will be a forever changing game, and in order to survive a brand needs to keep up on emerging trends, as it’s a well-known story for those retailers who do not.…

Carolyn SchmidA Source No Longer

Sears Closings Create Potential Opportunity


We’ve all heard the old maxim about one door closing and another opening. In this case, the doors that are closing belong to Sears, with many of them opening again as fitness centers.

It’s an odd dynamic when you think of it, one that truly reflects the changing nature of our retail wants and needs. There was a time when mall operators snubbed their noses at gyms.  All those sweaty people in odd outfits rubbing elbows with targeted shoppers.

Then something happened, consumer shopping patterns shifted. We began to see major headlines in most of the press that the American …

Amanda WillisSears Closings Create Potential Opportunity

The Continued Strength of the Retail Pharmacy Sector


Think about your neighborhood retail pharmacy. Perhaps it’s a stand-alone Walgreens on a busy street corner, or a CVS on a pad site, shadow-anchored by a big-box retailer. If you’re anything like the average consumer, this pharmacy offers a handy location for prescriptions, health and beauty products, and groceries.

If investors are anything like the average net lease property owner, they might find …

Amanda WillisThe Continued Strength of the Retail Pharmacy Sector

How Have Apps Changed Retail?


Net lease investors should care if a potential tenant has put in the time and effort to develop an app.

Has the rise of smartphones changed how people shop? Yes, consumers have done more and more shopping via smartphone. Today, we see more and more companies creating apps to reach their smartphone carrying customers, and more and more people using these apps.…

Amanda WillisHow Have Apps Changed Retail?

Diagnosing the Net-Lease Medical Sector


What do dialysis clinics, urgent care locations, and dental offices have in common? They are often net lease tenants and together these types of tenants make up the net lease medical sector.

Calkain’s just-released “Net Lease Report: Medical Sector” notes that net lease medical properties can prove to be viable investments, thanks to the following fundamentals.…

Amanda WillisDiagnosing the Net-Lease Medical Sector

Smaller Formats, Huge Investment Potential


We are entering “the incredible shrinking store format” period. Thanks to the increasing popularity of e-commerce and changing tastes of shoppers, retailers are shuttering low-performing outlets and reducing real estate footprints.

Target is expanding in densely populated areas with smaller-format stores, typically 12,000 – 40,000 square feet. These smaller-format stores are a far cry from the retail company’s suburban, full-size, 130,000 square-foot, centers.  Target is not alone in the size reduction, Walmart, Kohl’s, and Nordstrom are also experimenting with smaller

Amanda WillisSmaller Formats, Huge Investment Potential

Finmarc Sells Off Pieces Of the First Potomac Portfolio


CHANTILLY, VA–Two years ago Finmarc Management closed on First Potomac Realty Trust’s 950,000-square foot Northern Virginia portfolio for $96 million. It has been selectively selling off assets since then, including most recently two holdings for $7.2 million.

Two flex/office/warehouse buildings comprising 56,076 square feet within the Enterprise Center here traded to 10th Street, LLC. Caulley Deringer and Andrew Hassett of Transwestern represented the seller and Andrew Fallon of Calkain Companies represented the buyer in this transaction.

Over the past two years, Finmarc has increased the leased …

Amanda WillisFinmarc Sells Off Pieces Of the First Potomac Portfolio