Sign up to get updates from us
As multifamily and office properties are struggling, more money is flowing into other asset classes, like Single Tenant Net Lease. Over the past decade, STNL has become a specialized asset class as more investors, including 1031 buyers, have sought a safe, predictable refuge for their cash. It’s also an asset class where you can buy institutional quality properties for as little as $2 - $5 million. Laith Hermiz, CEO of Ironside Realty, has built a career on forming strong relationships with the brokerage community, which has resulted in great deals for him and his investors. In the past year, difficult financing options have made it challenging for investors to acquire properties, thereby reducing the competition. As the buyer pool has thinned out, the pipeline for new deals has increased for Laith Hermiz and Ironside Realty.
