Regions Northeast | New York
Capitalize On the Next New Real Estate Opportunity: Learn the Secrets Behind Single-Tenant, Multi-Tenant Net Lease Transactions
Nov 28, 2007

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Brought to you by Spectrus Real Estate Group

The single-tenant, net lease acquisition market is an established billion-dollar industry. In recent years, this industry has developed an exceptionally high profile among real estate buyers, with the dominant properties for these types of transactions typically either retail or industrial. These types of properties can provide steady income regardless of the condition of the economy or local real estate market.

A Net Lease or Triple Net (NNN) generally indicates a lease in which the stated rent excludes the insurance, utilities, operating expenses and real estate taxes for the building. The tenant is then responsible for the payment of these costs either directly or as additional costs that include managing the property, paying the taxes and insurance, and taking care of all repairs and maintenance. The only obligation of the owner is to pay any debt service (mortgage) from the rent check.

Most net lease properties involve long-term tenant leases—typically 15 to 25 years with 5-year options after that—with a defined rental rate that increases. The success or failure of a net lease property depends upon good demographics, the length of the lease and credit-worthy tenant.

However, regardless of its attributes, since peaking in 2005 Net Lease transaction activity is down significantly in terms of total sales volume, and the margins continue to tighten. As a result, many smart and progressive developers are starting to get into the multi-tenant net lease business. Multi-tenant net leases are providing a new opportunity for real estate buyers looking for a higher return.

While some of the characteristics are the same as single-tenant net lease deals, multi-tenant lease deals do have some differences, including the length of the leases, who is responsible for paying the mortgage and who controls more of the physical property.

Join Commercial Property News for this live, interactive Web Seminar, sponsored by Spectrus Real Estate Group, and hear from industry experts regarding the ins and outs of Net Lease transactions. Attend this online-only event and learn the differences between single-tenant Net Lease deals and multi-tenant deals and how Spectrus’ new Net Lease PLUS™ program can help.

Speakers:
Moderator: Elliot Markowitz, Editorial Director - Nielsen Web Seminars and Digital Events
Suzann Silverman, Editor-in-Chief - Commercial Property News

Jonathan Hipp, Calkain Companies

Peter A. Johnson, Executive Vice President - Spectrus Real Estate Group


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*Then the one currently on the front page (copy below) should be beneath the Dec 18th webcast info when you click on 'MORE'.

Are All Cash Flows Created Equal? Learn How To Identify Quality Investment Real Estate

Sept. 11, 2007
Brought to you by Spectrus Real Estate Group

If you are already in the commercial real estate business, or looking to break in, imagine giving your clients the opportunity to give up the tenants, the toilets and the trash but not the profits. In this ever-expanding industry, you need a certain level of knowledge to protect your clients from the bad deals that lurk out there and to sift out the quality investment real estate opportunities from the poor ones.

 
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