Instant Insight: NNN Properties & Covid-19 with Glen Kunofsky

Behind The Bricks

Almost every NYC multifamily owner who has spoken to me about selling an asset has asked, “Where would I put the money if I sold?” Coming from this managment intensive product some choose to invest in net leased properties.

Today we sit down with Glen Kunofsky, Founder of the NNN Pro Group at Marcus & Millichap. Glen and his team have closed thousands of net leased properties worth billions of dollars over the course of his career.

Coronavirus has had a massive impact on the Triple-Net market. In this episode Glen details which type of businesses have been performing better in the pandemic and those that have been hurt. In this discussion we touch on negotiating with retail tenants and how the lending environment is impacting today’s market.

Times of turmoil remind us of the importance of having a diverse portfolio of investments. Triple Net Leases behave differently than other property types and for some investors, provide much needed variety. Let’s take a quick dive into this subject and hear what one of the top players in this space has to say…

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