{"id":1004367791,"date":"2019-11-12T08:53:32","date_gmt":"2019-11-12T16:53:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004367791"},"modified":"2020-03-31T03:48:47","modified_gmt":"2020-03-31T11:48:47","slug":"anticipating-change-family-offices-stock-up-on-net-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/","title":{"rendered":"Family Offices Stock Up on Single-Tenant Properties"},"content":{"rendered":"
\"\"

Jonathan W. Hipp  Photo courtesy of Calkain Cos.<\/em><\/p><\/div>\n

I don\u2019t like fear mongering or over dramatization. But I\u2019m hearing an increasingly loud chorus of otherwise knowledgeable people talking about a recession in 2020.  Part of the fear comes from the simple fact that the current upcycle has had a record-breaking run\u2014as if cycles came with freshness dates. <\/p>\n

I\u2019m not throwing caution to the wind here or advocating we live simply for today. Indeed, there are plenty of storm advisories in the national forecast, brewing from inside the Beltway and spreading globally, such as trade wars that could conceivably derail the good times. So, yes, cautious optimism is the Phrase of the Day, but with a good emphasis on each of those words, please.  <\/p>\n

For there is still plenty of room for optimism and, I would say, especially for those looking to place capital in the net lease sector. Calkain Q3 Cap Rate report<\/a> shows the consistency of the cap rate market. <\/p>\n

Single tenant net lease properties are attracting capital, with a growing number of investors diversifying their portfolios from what we might call their \u201cstandard\u201d product types\u2014be it multifamily or multi-tenant office. In fact, we\u2019re also seeing an uptick in private family participation in real estate as a whole, as a newly released report<\/a> from UBS and Camden Wealth Research reveals. <\/p>\n

 \u201cFollowing a positive performance reported last year,\u201d the report states, \u201creal estate gained the greatest traction this year, with allocations rising 2.1 percentage points to total 17 percent of the average portfolio. These figures, once again, cement it as the third largest asset class family offices invest in.\u201d<\/p>\n

More Direct Buys<\/h2>\n

They\u2019re also making those deals on more of a direct basis, shedding their hedge funds as fees apparently outpace performance, according to the report:<\/p>\n

\u201cFor the fifth year in a row, allocations to hedge funds dropped, this last year falling 0.7 percentage points to 4.5 percent of the average family office portfolio. Family offices have doubts about hedge funds\u2019 ability to protect wealth during economic downturns, and they dislike what some deem to be relatively high fees when compared to performance. In interviews, family offices reiterated this sentiment.\u201d <\/p>\n

This family-money trend to me is a tip-of-the-iceberg consideration, since in reality, capital from virtually all comers is chasing deals in real estate on the macro level and in the net lease space in particular.<\/p>\n

As if that weren\u2019t enough, \u201c97 percent of real estate investors plan to increase their capital allocation to real estate in the next 18 months,\u201d writes Jussi Askola on Seeking Alpha.com.<\/em> \u201cReal estate remains one of the last asset classes with attractive total return and income-generation potential.\u201d<\/p>\n

It\u2019s the nature of commercial real estate investors to constantly have their guard up\u2014ready to move in order to capitalize on the next trend. It\u2019s no different late-cycle than it is at any other time in this roller-coaster market. Cautious optimism, after all, isn\u2019t a rule only for downturns. <\/p>\n

To quote FDR, the only thing we have to fear is fear itself. So just relax and go about the business of your business. <\/p>\n","protected":false},"excerpt":{"rendered":"

Single-tenant net lease properties are attracting capital, with a growing number of investors diversifying their portfolios beyond conventional product types, says Calkain’s Jonathan Hipp.<\/p>\n","protected":false},"author":1126,"featured_media":1004331737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21684],"tags":[47021],"class_list":["post-1004367791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-viewpoint","tag-calkain-cos"],"acf":[],"yoast_head":"\nFamily Offices Stock Up on Single-Tenant Properties - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Family Offices Stock Up on Single-Tenant Properties\" \/>\n<meta property=\"og:description\" content=\"Single-tenant net lease properties are attracting capital, with a growing number of investors diversifying their portfolios beyond conventional product types, says Calkain's Jonathan Hipp.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-12T16:53:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-31T11:48:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Hipp-Jon-2016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jonathan Hipp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/\"},\"author\":{\"name\":\"Jonathan Hipp\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/25d998ea8b694fdb939fbcbfc1c426d5\"},\"headline\":\"Family Offices Stock Up on Single-Tenant Properties\",\"datePublished\":\"2019-11-12T16:53:32+00:00\",\"dateModified\":\"2020-03-31T11:48:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/\"},\"wordCount\":547,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/06\\\/Hipp-Jon-2016.jpg\",\"keywords\":[\"Calkain Cos.\"],\"articleSection\":[\"Viewpoint\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/\",\"name\":\"Family Offices Stock Up on Single-Tenant Properties - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/06\\\/Hipp-Jon-2016.jpg\",\"datePublished\":\"2019-11-12T16:53:32+00:00\",\"dateModified\":\"2020-03-31T11:48:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/25d998ea8b694fdb939fbcbfc1c426d5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/06\\\/Hipp-Jon-2016.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/06\\\/Hipp-Jon-2016.jpg\",\"width\":800,\"height\":620,\"caption\":\"Jonathan Hipp\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/anticipating-change-family-offices-stock-up-on-net-lease\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Family Offices Stock Up on Single-Tenant Properties\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/25d998ea8b694fdb939fbcbfc1c426d5\",\"name\":\"Jonathan Hipp\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/353e1e4cce879e9b825fd43344d794c50f466757381e9fa57176a29e7b33ca42?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/353e1e4cce879e9b825fd43344d794c50f466757381e9fa57176a29e7b33ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/353e1e4cce879e9b825fd43344d794c50f466757381e9fa57176a29e7b33ca42?s=96&d=mm&r=g\",\"caption\":\"Jonathan Hipp\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/jonathanhipp\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Family Offices Stock Up on Single-Tenant Properties - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/","og_locale":"en_US","og_type":"article","og_title":"Family Offices Stock Up on Single-Tenant Properties","og_description":"Single-tenant net lease properties are attracting capital, with a growing number of investors diversifying their portfolios beyond conventional product types, says Calkain's Jonathan Hipp.","og_url":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-11-12T16:53:32+00:00","article_modified_time":"2020-03-31T11:48:47+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Hipp-Jon-2016.jpg","type":"image\/jpeg"}],"author":"Jonathan Hipp","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/"},"author":{"name":"Jonathan Hipp","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/25d998ea8b694fdb939fbcbfc1c426d5"},"headline":"Family Offices Stock Up on Single-Tenant Properties","datePublished":"2019-11-12T16:53:32+00:00","dateModified":"2020-03-31T11:48:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/"},"wordCount":547,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Hipp-Jon-2016.jpg","keywords":["Calkain Cos."],"articleSection":["Viewpoint"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/","url":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/","name":"Family Offices Stock Up on Single-Tenant Properties - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Hipp-Jon-2016.jpg","datePublished":"2019-11-12T16:53:32+00:00","dateModified":"2020-03-31T11:48:47+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/25d998ea8b694fdb939fbcbfc1c426d5"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Hipp-Jon-2016.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Hipp-Jon-2016.jpg","width":800,"height":620,"caption":"Jonathan Hipp"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/anticipating-change-family-offices-stock-up-on-net-lease\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Family Offices Stock Up on Single-Tenant Properties"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/25d998ea8b694fdb939fbcbfc1c426d5","name":"Jonathan Hipp","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/353e1e4cce879e9b825fd43344d794c50f466757381e9fa57176a29e7b33ca42?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/353e1e4cce879e9b825fd43344d794c50f466757381e9fa57176a29e7b33ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/353e1e4cce879e9b825fd43344d794c50f466757381e9fa57176a29e7b33ca42?s=96&d=mm&r=g","caption":"Jonathan Hipp"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/jonathanhipp\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Hipp-Jon-2016.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004367791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1126"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004367791"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004367791\/revisions"}],"predecessor-version":[{"id":1004404675,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004367791\/revisions\/1004404675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004331737"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004367791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004367791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004367791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}