Left to Right: Chris Lee – Equity Retail Brokers, Matthew May – May Realty Advisors, Gabe Kadosh – May Realty Advisors and Edward Ginn – Equity Retail Brokers |
Ed Ginn and Chris Lee of Equity Retail Brokers attended the InterFace Net Lease Conference in New York on September 21, 2011. They attended the show along with two (2) of their network affiliates from Los Angeles, California - Matthew May and Gabe Kadosh.
The conference covered the current demand for NNN assets, the availability of financing for NNN assets, new opportunities for developers as preferred developers for expanding tenants, and the impact of new accounting rules for the net leased business.
The conference was very informative and the keynote address given by Sam Chandan was very impressive. Mr. Chandan is President and Chief Economist of Chandan Economics and an adjunct professor of economics at the Wharton School of the University of Pennsylvania. Ed Ginn said, “Mr. Chandan went over in great detail the current state of the economy. He made a point to emphasize the persistent high unemployment and in particular the significant unemployment in various industries, like construction.”
According to Chris Lee, “The overall feeling from the conference is that even with all the uncertainty in the overall economy, demand for NNN assets will remain strong and cap rates will remain low. There is a strong flight to quality NNN assets and investors are seeking stable yields from credit tenants with long term leases.”
Please feel free to contact either Ed (484-417-2201, eginn@equityretailbrokers.com) or Chris (484-417-2210, clee@equityretailbrokers.com) to evaluate your NNN property.
Equity Retail Brokers is a full-service commercial real estate firm that specializes in retail properties located in eastern Pennsylvania, southern New Jersey and Delaware. Equity Retail Brokers offers leasing, management, and investment sales services to owners of retail properties. Equity also has a corporate real estate service group that offers tenant representation, consulting and disposition services to retail corporations. Equity Retail Brokers is an affiliate of the Retail Brokers Network. The Retail Brokers Network is an affiliation of over 60 real estate offices in North America. For more information on Equity Retail Brokers, please contact Edward Ginn at 484-417-2201.
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