Publicly traded net lease REITs have made a lot of noise in recent years. Spirit Realty Capital, ARC Properties Inc., Cole Real Estate Investments and WP Carey have been at the center of a wave of public offerings, mergers and portfolio acquisitions in the last 24 months. This expansion of the institutionalized side of the net lease sector and the pace of acquisitions has contributed to driving down cap rates and in creating an overall dynamic where demand for assets outstrips ...

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