Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/122387
freestanding dollar general stores Have Been HigHly sougHt-after By investors. welCome atteNtioN the net-lease market Is attraCtInG mOre InstItUtIOnal InVestOrs T By Matt Hudgins he merger of Spirit realty Capital with the nontraded Cole Credit property trust ii, slated to close in the third quarter, signals a change in the triple-net-lease real estate market, as institutional investors with very low capital costs dominate and force transaction volumes skyward. the joining of these two phoenix-based reits will double the Spirit realty portfolio, making it the second-largest reit focused on net-leased properties, with 2,012 properties across 48 states and a market value of some $7.1 billion. remarkably, the deal's estimated value of $1.5 billion lags the $1.6 billion that escondido, Calif.– based realty income Corp. invested in net-leased properties just last year, 190 SCT / m a y 2 0 1 3