CHICAGO, IL – December 4, 2020 – Jerry Lumpkins, Chicago commercial real estate lead of Bank Leumi USA, moderated the CRE Investor Equity Requirements & State of Credit Markets & Impact on Financing panel. The panelists joining him were Martin G. Alston, managing director, capital markets, Brennan Investment Group; Douglas W. Lyons, managing principal, Pealmark and Jonathan Wolfe, managing principal, STREAM Capital Partners.
According to Wolfe, we have already seen and should continue to see a high level of sale-leaseback activity. Companies who have money tied up in real estate, he argued, are leaving valuable capital on the table that they could use to grow their businesses.
“Any company that owns their real estate should look at monetizing. If you’re making and selling a product or providing a service, that’s where you make your money,” said Wolfe. “If you’re a middle market or larger company sitting with these assets, you can be rewarded for putting more cash on the balance sheet.”