Net Lease Observer

Sean Hostert
  • 5.0 (7)
  • INVESTING

News, analysis and interviews focused on the single tenant net lease and sale/leaseback markets.

  1. MAR 23

    Net lease longevity with Gino Sabatini of W.P. Carey

    Gino Sabatini, Head of Investments at W.P. Carey (NYSE: WPC), joins the program. With over 25 years of experience at the $25 billion publicly listed net lease REIT, Sabatini provides a history of the company along with commentary on the firm’s position of strength today, non-traded REITs, underwriting lessons, the power of longevity, AI, data centers, and, much more. 1997 Forbes article on FFCA & P.F. Chang's: https://www.forbes.com/forbes/1997/1215/6013168a.html CPA Program returns as provided by Sabatini: Program Years Total AUM Total Return Avg 10YT Spread Liquidiation event     CPA 1-9 1978-1998 $ 1 Bil 7.17% 8.4% (6.36% 92-98) -1.23% Listed on NYSE: "CDC" Jan 1998 - became "WPC" in 2000 CPA 10 1990-2002 $156 mil 8.81% 6.33% 2.48% Merged into CIP April 2002 ( shares or cash) CIP 1991-2004 $550 mil 11.22% 5.90% 5.32% Merged into CPA 15 2004 ( shares or cash)   CPA 12 1999-2006 $126 mil 10.91% 4.83% 6.08% Merged into CPA 14 ( shares or cash )   CPA 14 2001-2011 ~ $1 Bil 8.96% 4.23% 4.73% Merged into CPA 16 ( shares or cash )   CPA 15 2002-2012 $2.6 Bil 9.58% 3.85% 5.73% Merged into WPC, convert from LLC to REIT (Sept 2012) CPA 16 2004-2014 $4.0 Bil 7.64% 3.51% 4.13% Merged into WPC     CPA 17 2007-2018 $5.9 Bil 7.09% 2.87% 4.22% Merged into WPC     CPA 18 2013-2022 $2.7 Bil 10.60% 2.35% 8.25% Merged into WPC       Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

    54 min

  2. MAR 9

    Public REIT coverage with Jana Galan from Bank of America

    Jana Galan, Senior REIT Analyst at Bank of America, joins the program. Galan provides a recap of 4Q and FY2025 earnings for listed net lease REIT, the structure and benefits of listing on the public markets, deployment and capital formation trends, tenant credit health, and much more. Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

    53 min

  3. FEB 26

    David Kay of Proterra Net Lease

    David Kay, Managing Director of Proterra Net Lease, joins the program. Our conversation covers David's career journey including how time at Arthur Andersen introduced him to the auto dealership sector and ultimately the founding of Capital Automotive, his 15+ year run with CARS, and his new venture launching the net lease arm (focused on industrial properties within the food value chain) of Proterra Partners.  Kay provides his philosophy on why specialization is positioned to win and how endurance sports match the net lease business model. Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

    1h 13m

  4. FEB 3

    Andrew Sandquist of Newmark

    Andy Sandquist, Vice Chairman of Corporate Capital Markets at Newmark (NASDAQ: NMRK), joins the program. After growing up on a working farm in Iowa, Sandquist's professional path led to commercial and investment banking before finding single tenant net lease. Andy has advised on deals across nearly all single tenant property types but given recent trends the conversation focuses heavily on industrial sale/leasebacks. In 2025, Sandquist and his team closed over $800 million in deal consideration. Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

    49 min

  5. JAN 9

    Stephen Preston & Pierre Revol - FrontView REIT

    Stephen Preston and Pierre Revol, CEO and CFO of FrontView REIT (NYSE: FVR) join the program. Founded as NADG-NNN in 2016, FrontView is a NYSE listed owner of highly visible, net-leased assets with flexible footprints tenanted by retail and medical concepts. The company focuses on properties in prominent locations with frontage on high-traffic roads that are highly visible to consumers. As of 9/30/2025, FVR owned 307 properties in 37 states with $61 million in annualized base rent. Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

    50 min

  6. 12/29/2025

    Travis Fidel & Kevin Marusiak of Radar Net Lease

    Travis Fidel and Kevin Marusiak, Co-Founders and Managing Partners of Radar Net Lease, join the program. Radar operates via two platforms: its triple net lending arm where it provides capital solutions across the full lifecycle of net lease real estate — from ground-up development to stabilized asset purchases; and its acquisitions arm where it directly buys retail, industrial, and medical properties throughout the country. Our conversation with Travis and Kevin covers their childhood years growing up together, their early careers in real estate and net lease, and coming together to form Radar Net Lease. Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

    1h 5m

  7. 11/19/2025

    Alexi Panagiotakopoulos of Colterpoint

    Alexi Panagiotakopoulos, Co-Founder and Partner at Colterpoint, joins the Net Lease Observer podcast. Over his career, Panagiotakopoulos has served in various roles across public and private markets throughout distress commercial debt and net lease/sale-leaseback. His unique background provides a robust foundation for insights on the single tenant net lease market, particularly the growth and institutionalization of the sector (of which he has been directly involved), the role of public REIT, and the characteristics / benefits of the ETF structure. Launched in 2019 and rebranded in 2025, Colterpoint, through its proprietary public index, the Colterpoint Net Lease Real Estate Index, calculated by NASDAQ, serves as the index provider to the Colterpoint Net Lease Real Estate ETF (NYSE Arca: NETL). Colterpoint's goal is to democratize the public net lease sector in a diversified, transparent, and tradable manner. Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

    1h 1m

  8. 10/21/2025

    Craig Ganz of Ballard Spahr

    Craig Ganz, Partner at Ballard Spahr, joins the Net Lease Observer podcast. With a near 20-year career guiding single tenant net lease landlords, Ganz and his team provide a range of services from transaction representation (acquisitions and dispositions) to distress and workouts. Through over 750 lawyers in 18 US cities, Ballard Spahr provides strategic legal services and business solutions. Ganz provides insightful views on the current net lease market including transaction velocity, distress trends, and the growing role of artificial intelligence on the legal profession. Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

    57 min
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Ratings & Reviews

5
out of 5
7 Ratings

About

News, analysis and interviews focused on the single tenant net lease and sale/leaseback markets.

Information

  • Creator
    Sean Hostert
  • Years Active
    2025 - 2026
  • Episodes
    25
  • Rating
    Clean
  • Copyright
    © Copyright 2025 All rights reserved.
  • Show Website
    Net Lease Observer

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