January 6, 2022 9:00 AM
Newmark announces it has arranged the sale of 23 net-leased properties in the month of December 2021. Newmark Executive Managing Director Matt Berres, Director Samer Khalil and Associate Karick Brown brokered the transactions.
“2021 was a robust year in the net lease sector,” said Berres. “We 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.”
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, “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.”
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 “essential” tenants, strong credit, long-term passive lease structures and quality underlying real estate fundamentals are at the top of net lease investors’ wish lists in today’s market.
Each of the above transactions were executed in cooperation with local Newmark 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).
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Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s 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’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark’s 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 @newmark.
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