Net Lease REITs are Back on Offense
Share via Shortlink Most of net lease REITs’ retail properties like pharmacies, groceries and restaurants were deemed “essential” (Google Maps, iStock) What do a Target in Phoenix, a Wegmans in Chapel Hill, North Carolina, and a Marshalls-Homegoods store in California’s Napa Valley have in common? They’re among the 26 tenants occupying 91 properties across the U.S. that net lease REIT Agree Realty Corp. acquired in the third quarter. The $458 million worth of purchases set a quarterly record for the half-century-old real estate investment trust. At a time when the pandemic c...
Source: therealdeal.com