Dan Lovitz, SVP ofacquisitions at VEREIT Inc.
NEW YORK CITY— Net Lease REITs have become an important propertysector in which highly predictable rent checks are turned intohighly sustainable dividends. External growth fueled by thefavorable cost of capital has contributed to the sector'ssignificant performance. 2019 was a year of steady growth for thesingle-tenant net lease sector, according to Phoenix-based DanLovitz, SVP of acquisitions at VEREIT Inc. VEREIT owns one of thelargest portfolios of single-tenant commercial properties in theU.S. and continued to strengthen its portfolio through "maintaininga very liquid and flexible balance sheet in 2019," statedLovitz.
|Lovitz will serve as a panelist during the net lease REIT'supdate panel at the upcoming GlobeSt.18th annual national net lease conference in New YorkCity. Lovitz' session will explore the primarytriggers and trends that investors should watch in 2020 including:cost of capital, operating efficiency and value, and sectorconsolidation.
|So what can we expect looking ahead in this sector? Lovitz tellsGlobeSt.com that over time, single-tenant net lease investmentshave proven to be safe, long-term investments with low volatility."As long as the underlying real estate fundamentals (location, rentprice per square foot, ingress/egress) are strong, investing insingle tenant net lease assets provide a hands-off investment thatrequires minimal day to day management with attractivereturns."
|He adds that there has been an influx of funds, both public andprivate, that are purchasing single-tenant properties in the US."The net lease sector is as competitive as it's ever been and nowwe have seen foreign capital make a push into the space(predominantly in office and industrial)."
|The 18th GlobeSt Net Lease Conference (formerly a RealShareEvent) will bring together the industry's most influential andknowledgeable real estate executives from the net lease sector. Tohear more from Lovitz and gain insights from other experts in thespace and prepare your transactions & investments for continuedsuccess, clickhere to register.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
