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Deals & Dealmakers

CBRE Mid-Atlantic Net Lease Property Group Remains Resilient Despite Headwinds

In what is seen as a boon to the net lease market, despite climbing interest rates, CBRE’s Mid-Atlantic Net Lease Property Group (NLPG) announced it completed 60 transactions
in 12 states throughout the country including several high-profile deals in Pennsylvania and New Jersey.

The CBRE Mid-Atlantic NLPG, consisting of Michael Shover, Matthew Gorman, Thomas Finnegan and Robert Thompson, specializes in the sale, purchase and recapitalization of net leased investment properties throughout the United States and arranged the transactions on behalf of their clients.

“2022 was a volatile year in the market to say the least,” said Mr. Shover. “We haven’t experienced a shift as dramatic in such a short period of time since 2008, but our segment of the industry and team performed better than most.”

“This year will most likely be a down market, that’s where certainty of execution becomes paramount,” continued Mr. Gorman. “During market shifts we experience a flight-to-quality and stability, both major reasons why net lease properties remain at the top of many investor’s lists.”

Among the transactions closed by the team in 2022, the majority were in the Mid-Atlantic US markets which combined for 32 out of the 60 total net lease closings. Highlights include:

Healthcare – 12 Closings (Blue Pearl Vet Hospital in Malvern, PA & Market Square in Philadelphia, PA)
Quick Service Restaurants – 14 Closings (McDonald’s in Ramsey, NJ & Burger King in Whitehall, PA)
C-Store/Auto – 6 Closings (including Wawa in Harleysville, PA)
Dollar Stores – 13 Closings (including Dollar General in National Park, NJ) National Reach – Transactions in PA, NJ, DE, MD, NY, MA, RI, OH, IL, IN, MO, KY, MI, NC, GA, TX and FL

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