SRS NNLG Closes 2022 With $2.9B in Net Lease Deal Volume
Newport Beach, CA-based SRS Real Estate Partners’ National Net Lease Group (NNLG) has finished an active year, closing $2.9 billion in deal volume in 2022, comprised of 760 transactions across 35 states.
“Despite the rise in interest rates, we were able to transact nearly $3 billion, working with investors both public and private, showing the demand for hard assets and resiliency of the industry, as well as our national reach and capabilities,” said SRS NNLG managing principal, Matthew Mousavi. “By second quarter of 2023, we should have a clearer picture on the trajectory of interest rates and the capital markets environment.”
Net lease property and income-producing passive real estate leased to credit tenants is in more demand than ever before, according to the firm. Heading into 2023, SRS NNLG notes top net lease trends in the market include continued dominance from Chick-fil-A, and the emergence of Child Care Centers and Medical Assets.