“Value appreciation has practically stopped in aggregate,” said Joi Mar, senior analyst at Green Street, in a webinar on Wednesday.
A Chicago-based private equity real estate firm is offering as much as $2 billion to purchase office buildings, health-care facilities and transit-related properties from the government.
For store sales that have occurred since the auctions began, the prices have ranged anywhere from $10 to $500 per sq. ft., an industry source says.
Corporations are taking advantage of what remains a “pretty hot market” for sale-leaseback transactions.
