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Volume 5 - Number 15 | August 7, 2007

TOP STORY: Net Lease Execs Address Turbulent Debt Market in Q2 Calls
By Michelle Napoli
There is nary a corner of the commercial real estate business that isn’t abuzz about the drama unfolding in the very volatile debt market, and the net lease property niche is no exception.

Insider: CIT Commercial Real Estate’s Bruce Quinn
By Michelle Napoli
NET LEASE forum recently spoke with Bruce Quinn, managing director of sale-leaseback financing at CIT Commercial Real Estate Group, about the corporate real estate business line he heads up and its new joint venture. CIT Commercial is a unit of New York City-based CIT Group Inc.

CIT, Sovereign Form Sale-Leaseback JV
By Michelle Napoli
Sovereign Investment Co. and the commercial real estate group of New York City-based CIT Group Inc. have formed a new joint venture to pursue sale-leaseback transactions. Dubbed Sovereign NNN Ventures LLC, the JV will have an initial capitalization of as much as $250 million.

Gramercy Capital, SL Green Join Again for Net Lease Investment
By Michelle Napoli
The building isn’t necessarily what springs to mind when you think of the typical net lease deal, but New York City-based REITs Gramercy Capital Corp. and SL Green Realty Corp. have made another of their large purchases in Manhattan that is part of their net lease investment strategy.

Data Points: Q2 Single-Tenant Property Sales Mixed


Short Takes: First Industrial, UBS Ink Second Investment Program


Recent Transactions: Leisure Park Properties in $1B SLB


Ratings Update: Home Depot Downgraded



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