December 20, 2005 | Vol. 3 No. 24

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Volume 3 - Number 24 | December 20, 2005

Industry Update: Net Lease Available Properties Up, Cap Rates Down
By Michelle Napoli
The fourth-quarter Net Lease Market Report from Boulder Net Lease Funds shows the number and cumulative value of available net-lease properties as of mid-November increased 6.5% and totaled 7,348 properties valued at $24.6 billion.

Institutional Group Buys Majority Stake in Citibank Tower
By Michelle Napoli
Institutional investors purchased a majority joint venture interest in a New York City office tower that changed hands in a sale-leaseback earlier this year.

$170M Convenience Store Portfolio in Contract
By Michelle Napoli
Commercial Net Lease Realty Inc. (NNN) agreed to buy a portfolio of 74 convenience stores for approximately $170 million with SSP Partners, a subsidiary of Susser Holdings LLC.

Insider: Bond Street Capital’s Barry Reiner
By Michelle Napoli
Bond Street Capital Corp., a commercial property lender with 38 branch offices throughout the US and Canada, recently launched a credit-tenant lease loan (CTL) program. Its first CTL deal was a $4.83-million financing for a freestanding Walgreen Co. store in Salem, OH.

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