Carlyle Ready to Deploy Billions More into Net Lease

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Carlyle Ready to Deploy Billions More into Net Lease (Read More)

Carlyle's Strategy Shift: Amid market dislocation, Carlyle's net lease business progresses and prepares for new possibilities under new leadership.

• Adapting to Changes: Managing Director Jones reflects on Carlyle's past activities in the net lease sector including the $3B acquisition of iStar in 2022.

• Future Outlook: Jones anticipates improved market conditions for net lease transactions and investor returns.

• Market Trends: Despite challenges in debt markets, there are positive movements in lending and investor interest.

• Supporting Diversification: Net lease division aids various business lines within Carlyle's extensive credit suite, facilitating growth and strategic transactions.

• Portfolio Goals: Carlyle sets its sights on securing significant portfolio deals in the evolving market landscape, aiming for continued success and growth in 2024.

TRIPLE NET TENDIES

🧠 Thought Leader: Sean Ward on the importance of improving email conversion rates

👂 Ear Hustle: Adam Klein justifies why his client bought a 3.75% CAP Chipotle

💎 Web Gem: Why Blue Owl Capital is also ready to deploy some of its $5B in dry powder into net lease

NET LEASE NUGGIES

• Net lease investors benefit from market conditions. Jimmy Goodman of The Boulder Group notes a surplus of supply and private buyers dictating trends due to institutional capital requirements. Deals under $5 million are thriving as private buyers can avoid high cap rates. The evolving interest rate environment impacts the sector's outlook, with expectations of stability similar to 2023 unless Fed actions spur a shift. Net lease investments remain resilient amidst economic uncertainties. (Read More)

• Smoothie King's nationwide expansion continues. Through two new franchise agreements, the fast-casual smoothie chain will open seven new locations in the area, bringing new stores to the suburbs of Henderson, Summerlin, and Spring Valley. The expansion in Las Vegas is led by new franchisees Brandie and Dustin Rasmussen, overseeing four locations, and Na’im Muhammad, overseeing three. Smoothie King predicts 100 new store openings in 2024. (Read More)

• Bad Ass Coffee of Hawaii expands to the Midwest. The chain, known for Hawaiian coffees and themed cafés, debuts in Wisconsin under Marquee Coffee, LLC's multi-unit deal. Marquee Coffee aims to open 20 stores in Southwest Florida and select markets. With successful openings and franchisee dedication, the expansion aligns with the brand's growth strategy led by Scott Snyder, CEO of Bad Ass Coffee. (Read More)
  

BEAST TWEETS

🐦 Jason Miller: Ultimately small market opportunities could fuel Chipotle's next leg of real estate growth…

🦅 StripMallGuy: There's countless mega talented real estate professional out there working for large and small firms. Many have the exact same thought every day…

🦢 Brandon Roth: If you're wondering why rates have jumped ~10 bps this morning, there are a couple reasons…

🦆 Daniel Herrold: How much better do drive-thrus perform vs. non drive thrus? Here's a data point from Chipotle….

VISUAL OF THE DAY