JLL reports that private capital captured a record 37.9% of the net-lease market in the first half of 2018, up by 9.4 percentage points since 2015.
For the most part and for various reasons REITs have been net sellers this year. An exception has been net lease REITs. Companies such as Realty Income, Spirit Realty, Store Capital and W.P. Carey all reported more acquisitions than dispositions for the third quarter and in many cases for the year to date. The one exception has been VEREIT, which sold more than it bought in the past three months.
