As the wrangling over the Oval Office continues, there could be good news in the cards for 1031 like-kind exchange investors. And here’s why. Despite campaign promises to keep or alter 1031s, this isn’t a decision that will come from the White House alone. …
Through the pandemic, pharmacies have been an e-commerce resistant segment of the real estate market. But that could be changing with a new announcement from Amazon.…
CVS Pharmacy is one of America’s largest, most profitable, and oldest retail corporations. In 1963, Ralph Hoagland partnered up with brothers, Sidney and Stanley Goldstein to open, what they called then, a chain of “Consumer Value Stores” where customers could buy affordable beauty and health supplies. Not only was the timing right, but also their idea to sell beauty and health supplies tapped into the underserved pharmaceutical retail market that has proven to be one of the most reliable, profitable, and sustainable retail investments of the last fifty years.…
With the third quarter of 2020 drawn to a close, investors have now spent over seven months operating in a pandemic-stricken environment and have adjusted their net lease investment targets accordingly. Whereas nearly every sector saw a drop in volume between the first and second quarter, certain sectors that have experienced minimal disruption in their day-to-day business are now seeing significant rebounds in investment volume.…
The company paid $4.5 million for two Dollar General and three Family Dollar stores in North Carolina.
Prudent Growth Partners has added five assets to its growing retail portfolio. The dollar stores, located throughout North Carolina, traded for a total of $4.5 million in five separate transactions.…
With Covid-related uncertainty top of mind for many investors, net lease properties have become one of the most in-demand real estate asset types in Los Angeles.…
Low interest rates are keeping cap rates for this durable sector at an all-time low.…
It should come as no surprise that the COVID-19 pandemic sent the investment market reeling. When the full impact of the crisis was setting in back in the first quarter, all sectors of the net lease market felt the dire pinch. Slowly, however, investors seem to be coming out of hiding and creating some activity, as our Q2 Cap Rate Report reveals. Note: We said “some.”…
Jonathan Hipp, Avison Young Principal and Head of the U.S. Net Lease Group, today announced the sale of Children’s National Prince George’s County at Woodmore Towne Center in Glenarden, Maryland to Municipal Acquisitions.
On behalf of Heritage Partners, a national full-service real estate development firm based in the Mid-Atlantic, Hipp brokered the $39.3 million sale using a complex structure that allows Children’s National to transition from a leasing arrangement to ownership of both the newly constructed building and its underlying real estate.
Hipp navigated both sides through the complex transaction and found a creative solution to work around the …
