January 6, 2022 9:00 AM
星空体育app下载[1] announces it has arranged the sale of 23 net-leased properties in the month of December 2021. 星空体育app下载 Executive Managing Director Matt Berres, Director Samer Khalil and Associate Karick Brown brokered the transactions.
鈥�2021 was a robust year in the net lease sector,鈥� said Berres. 鈥淲e continued to see the flight to safety as investors were drawn to the long-term passive leases with best-in-class tenants across the country. Sellers in 2021 benefitted from historically low interest rates, a dearth of inventory and increased demand from investors from a wide range of asset classes. We expect that trend to continue into 2022.鈥�
Notable tenants of the properties included 7-Eleven, Academy Sports, Cracker Barrel, Customs and Border Protection, Crash Champions, DaVita, Dollar General, Fresenius and Walgreens.
Khalil added, 鈥�2021 was also a big year for 1031 exchanges, as savvy investors capitalized on market trends with selling their downleg properties and completed an exchange to defer capital gains as they traded into more desirable properties that they plan to hold in their portfolio for many years to come. We continued to see cap rates compress significantly through the end of the year, with many properties selling above their list price.鈥�
Berres and his team were extremely active in 2021 with 60+ single-tenant properties sold and another 10 already in escrow to start 2022, further confirming that 鈥渆ssential鈥� tenants, strong credit, long-term passive lease structures and quality underlying real estate fundamentals are at the top of net lease investors鈥� wish lists in today鈥檚 market.
Each of the above transactions were executed in cooperation with local 星空体育app下载 brokers: Bert Sanders (SC, FL & GA), Lispah Hogan (TX), Andy Sandquist (IL), Terry Coyne (OH), Chris Robertson (MO), David Squire (OR) and Riki Hashimoto (CO).
[1] Dba 星空体育app下载 Knight Frank in California
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. 星空体育app下载 generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow .
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