{"id":1004389349,"date":"2020-02-10T05:31:04","date_gmt":"2020-02-10T13:31:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004389349"},"modified":"2020-02-10T11:35:19","modified_gmt":"2020-02-10T19:35:19","slug":"avison-young-acquires-net-lease-specialist-calkain-cos","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/avison-young-acquires-net-lease-specialist-calkain-cos\/","title":{"rendered":"Net Lease Veteran Jonathan Hipp Joins Avison Young"},"content":{"rendered":"
\"\"<\/a>

Jonathan Hipp, Principal & Head of U.S. Net Lease Group, Avison Young. Image courtesy of Avison Young<\/i><\/p><\/div>\n

Jonathan Hipp, founder and CEO of pioneering net lease real estate firm Calkain Cos., is joining Avison Young to launch a new U.S. net lease group, Commercial Property Executive<\/em> has learned. Through the move, the global services firm is aiming to boost its net lease capabilities dramatically at a time when investors are pouring more capital into the niche asset category.<\/p>\n

Washington, D.C.-based Calkain, established by Hipp in 2005, will shed its existing name and branding and its intellectual property will be absorbed by Toronto-based Avison Young, effective this week. Hipp will serve as principal and head of the newly formed U.S. Net Lease Group, reporting to John Kevill, principal and president of Avison Young’s U.S. capital markets team.<\/p>\n

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READ ALSO:<\/strong> How Walgreens\u2019 Store Closings Will Affect Landlords<\/a><\/p>\n

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In his new role, the net lease expert will be tasked with leading and expanding Avison Young\u2019s previously scattered efforts in the space. Hipp will oversee a team initially consisting of seven or so professionals and will bring over his full book of clients, which range from institutional investors to family offices and high net-worth individuals.<\/p>\n

Hipp cited the ability to plug into a company with 58 offices in the U.S. and a global reach as a key factor in the decision to join forces with Avison Young. \u201cI think of this as a unicorn opportunity,\u201d<\/em> he told CPE<\/em>.<\/p>\n

Tapping a growing market<\/h2>\n

For Avison Young, the addition of Hipp gives the fast-growing firm deeper expertise in a real estate segment that is gaining popularity with investors in the hunt for attractive risk-adjusted returns. <\/p>\n

\"\"<\/a>

John Kevill, Principal & President, U.S. Capital Markets, Avison Young. Image courtesy of Avison Young<\/i><\/p><\/div>\n

\u201cMany of our competitive strengths play very well into the triple-net business,\u201d<\/em> Kevill said. \u201cIt squares really well with the growth of the capital markets business and, quite frankly, what\u2019s going on in the overall markets. We\u2019re seeing more and more private capital come into not only triple net and durable income properties but properties that had been traditionally thought of as more institutional.\u201d<\/em><\/p>\n

He added: \u201cA byproduct of the triple-net business is incredible clarity into the private capital world. That\u2019s going to be a really big competitive boost for our firm.\u201d<\/em><\/p>\n

Hipp started Calkain after serving as senior vice president of net lease investments at Grubb & Ellis Co. (acquired in 2012 by Newmark Knight Frank) and has since been involved in more than $12 billion in net lease transactions. The veteran executive will spend most of his time in Avison Young\u2019s Washington, D.C., office, working shoulder-to-shoulder with longtime acquaintances Kevill as well as Keith Lipton, the firm\u2019s COO of U.S. operations.<\/p>\n

Investment in net lease assets surged 30.2 percent year-over-year to $20.9 billion in the third quarter of 2019, CBRE reported<\/a>. Year-to-date volume through the quarter totaled $55.2 billion, representing an annual growth rate of 24 percent. Cross-border capital reached $6.8 billion as global investors sought out yield and portfolio diversification, the report found.<\/p>\n

\u201cThe private capital but also the institutional capital (is targeting net lease properties),\u201d<\/em> noted Hipp. \u201cEvery month it seems like a new net lease REIT is coming to the market. People are chasing yields, it\u2019s hard to find yield, and a lot of people have become very comfortable with real estate as an alternative fixed income.\u201d<\/em><\/p>\n

Avison Young gets bigger<\/h2>\n

The latest expansion comes amid a flurry of growth moves by Avison Young, which has 5,000 real estate professionals across 108 offices in 14 countries. Just last week, the company announced the acquisition<\/a> of Washington, D.C.-based property management firm BMS Realty Services. In February of last year, Avison Young completed the purchase<\/a> of top UK advisory firm GVA.<\/p>\n

Avison Young also beefed up its human capital last month by hiring Chris Casey<\/a> and Ken Sacco<\/a> as principals in its Irvine, Calif., and Chicago offices, respectively. Last year, the company brought John Sikaitis on board from JLL to launch a new global innovation practice.<\/p>\n","protected":false},"excerpt":{"rendered":"

The founder of Calkain Cos. is launching a new U.S. group focused on the niche property type.<\/p>\n","protected":false},"author":744,"featured_media":1004389358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,23891,21742],"tags":[33022,33054,33046,35494],"class_list":["post-1004389349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-national","category-latest","tag-avison-young","tag-calkain-companies","tag-john-kevill","tag-jonathan-hipp"],"acf":[],"yoast_head":"\nNet Lease Veteran Jonathan Hipp Joins Avison Young - 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\/avison-young-acquires-net-lease-specialist-calkain-cos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Net Lease Veteran Jonathan Hipp Joins Avison Young\" \/>\n<meta property=\"og:description\" content=\"The founder of Calkain Cos. is launching a new U.S. group focused on the niche property type.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/avison-young-acquires-net-lease-specialist-calkain-cos\/\" \/>\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=\"2020-02-10T13:31:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-10T19:35:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jon-Hipp-e1623855485608.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Isaacson\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-acquires-net-lease-specialist-calkain-cos\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-acquires-net-lease-specialist-calkain-cos\/\",\"name\":\"Net Lease Veteran Jonathan Hipp Joins Avison Young - 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