176. New Year, Same Market Concerns; CMBS Delinquencies Rise, Office & Retail Layoffs, Closures
The TreppWire Podcast: A Commercial Real Estate Show
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What Do You Think of This Deal?
Realty income Corp agreed to purchase about a 4.6 million square foot portfolio of net lease properties. There's about 185 retail and what they were calling non-core industrial assets as part of the portfolio. The expected cap rate at closing on the portfolio is around 7.1%. And then about 50% of the annualized rent comes from investment grade clients.
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