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YESTERDAY WITH REALSHARE & YMBA; RCA ON DISTRESS

YESTERDAY WITH REALSHARE & YMBA; RCA ON DISTRESS
Perhaps blasting Journey's "Don't Stop Believin" over the sound system was just a coincidence, but net lease executives likely needed that optimism after the somber early-morning panels at Incisive Media's RealShare Net Lease conference yesterday at the Marriott Marquis. Bisnow was on hand to hear net lease's latest.
YESTERDAY WITH REALSHARE & YMBA; RCA ON DISTRESS
Incisive real estate group publisher Michael Desiato (second from right) with moderator David Silvers of U.S. Realty Advisors and panelists Howard Davidowitz of Davidowitz & Associates and Sam Chandan of Real Estate Economics. You need to run your business like we're in a depression, Howard says, as this isn't a cycle—we'll never be the same again, with retail in a hole and consumer spending down. The wealth effect we once felt is down, and consumers' focus on savings will eventually trickle down to all property sectors and trade, Sam adds.
YESTERDAY WITH REALSHARE & YMBA; RCA ON DISTRESS
The next town hall addressed the downturn but also focused on opportunity. The panelists: W.P. Carey's Gordon DuGan, RBS Global Banking's Kyle Gore, American Realty Capital's Nicholas Schorsch, Net Lease Capital Advisors' Bruce MacDonald, moderator; Marcus & Millichap's Glen Kunofsky, and U.S. Realty Advisors' Richard Adler. More attractive deals are coming to the market, they say. As corporations take assets off balance sheets,long-term investors can take advantage of great deals, and new capital sources will come in to finance sale-leasebacks.
YESTERDAY WITH REALSHARE & YMBA; RCA ON DISTRESS
We bumped into our good friends Jeff Bogart and Jon Hipp of VA-based Calkain Realty Advisors, and Jon tells us that with turmoil comes opportunity. His firm is still doing deals, albeit fewer, but recently started a business line focusing on the distressed side of the market. He expects to pick up a greater market share and strong brokers as the net lease herd starts to thin out and is even thinking of expanding to New York by 1Q, he says. (More photos).