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Net Lease Will Likely Rebound Faster From Economic Slump

Net lease investments are solid and high performing investments -- they always have been, says STNL Development’s Michaelann Murphy.

By Holly Johnson Amaya | February 23, 2023 at 05:22 PM

The Fed’s recent string of rate hikes have led to tough times for commercial real estate investors, even for the relatively stable net lease sector.

“Interest rates have skyrocketed, cap rates have increased, construction costs have continued to rise, but land sellers haven’t caught up yet on lowering their prices,” says Michaelann Murphy, Vice President of Development at STNL Development, ahead of her panel appearance at this year’s upcoming GlobeSt spring net lease conference. “It becomes a four-sided squeeze on developer’s margins, or in some cases completely killing deals that were tight to begin with.”

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