'A real coup': GIC mega-deal puts net-lease strategies back in the spotlight

The podcast explores the rising interest in net-lease real estate, particularly focusing on a recent $1.5 billion joint venture between GIC and Realty Income Trust to develop logistics properties across the U.S. leased long-term to investment-grade tenants. Net-lease arrangements, where tenants cover most property expenses, offer investors predictable long-term income, potential inflation protection through built-in rent increases, and tax advantages. The discussion highlights the strategic importance of "mission-critical" assets within net-lease portfolios, citing examples like post offices and petrol stations. Scott Merkle from SLB Capital Advisors provides insights on the sale-leaseback market, noting the impact of M&A activity and the potential for companies to unlock capital by selling real estate they occupy.