While the merger is seen as good for the industry, there are questions about how the combined company will grow.
Yesterday’s announcement that Realty Income Corporation will acquire VEREIT to create a combined company with an enterprise value of approximately $50 billion sent waves through the net lease space.
“I think it’s great for the sector because now you’re going to have a major market cap REIT,” says Randy Blankstein, president of The Boulder Group. “It’s great to have a $50 billion company because it draws attention to the space.”
Matt Berres, executive managing director for Newmark, says the proposed …