August 5, 2008 | Vol. 6 No. 15

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Volume 6 - Number 15 | August 5, 2008

TOP STORY: Rubicon America Trust to Sell GSA Portfolio For $515M
By Michelle Napoli
Rubicon America Trust sells its 14-property, government-occupied portfolio to UrbanAmerica for $515 million. The portfolio totals 3.1 million sf.

Update: New Criminal Charges Filed in 1031 Tax Group Case
By Michelle Napoli
New criminal charges are filed against company founder Edward Okun, while federal cases are brought against three of his employees.

Update: Sponsor Buys Back Vacant Le-Nature’s Property From TIC Investors
By Michelle Napoli
TIC investors in the ongoing Le-Nature's bottling plant saga received some of their equity investment in the plant back from one of the original deal's sponsors.

Buffets Affirms Realty Income Leases at Lower Rents
By Michelle Napoli
Buffets Holdings strikes an agreement with property owner Realty Income Corp. to continue leasing 105 restaurant properties.

Inland JV Closes Four-Building BofA SLB
By Michelle Napoli
An Inland Real Estate joint venture paid $152.6 million for a four-office-building portfolio.

REF Excerpt: What’s Old is New Again in Today’s Net Lease Debt World
By Michelle Napoli
The trend for financing of single-tenant, net-leased properties shows that there are fewer competing lenders, and those out there are more conservative.

Data Points: Industrial Cap Rates up 48 Basis Points in Q2, Boulder Reports
The Q2 Net Lease Market Report released by Boulder Net Lease Funds LLC shows mean cap rates for industrial properties up 48 basis points, while cap rates for retail and office product remain flat.