JLL Corporate Finance Net Lease
JLL’s Corporate Finance Net Lease team specializes in providing comprehensive advisory and transaction services for single-tenant net lease (STNL) properties. This niche within commercial real estate focuses on properties leased to a single tenant under a long-term net lease agreement, where the tenant is responsible for most, if not all, of the operating expenses, such as property taxes, insurance, and maintenance.
The JLL team’s expertise spans the entire net lease lifecycle, catering to a diverse clientele including corporations, private equity firms, REITs, and high-net-worth individuals. Their services are typically divided into two main categories: disposition and acquisition.
Disposition Services: When a company or investor wants to sell a net lease property, JLL acts as their advisor and broker. The team leverages their deep understanding of the market, extensive network of investors, and sophisticated marketing strategies to maximize the sale price and achieve a swift transaction. This includes performing property valuations, crafting compelling marketing materials, identifying qualified buyers, negotiating offers, and managing the due diligence process. They also provide strategic advice on structuring the sale to optimize tax benefits and achieve specific financial goals. A crucial aspect is understanding the creditworthiness of the tenant and how it impacts the property’s value and marketability.
Acquisition Services: For clients seeking to acquire net lease properties, JLL acts as their buyer’s representative. They help identify properties that align with the client’s investment objectives, considering factors such as tenant credit quality, lease term, property location, and yield requirements. The team conducts thorough due diligence on potential acquisitions, including financial analysis, market research, and property inspections. They also negotiate purchase agreements on behalf of their clients and assist with financing arrangements.
JLL’s value proposition lies in their ability to combine local market knowledge with a global platform. They have access to a vast database of properties and investors, allowing them to quickly connect buyers and sellers. Furthermore, they offer specialized expertise in various sectors, including retail, industrial, healthcare, and office, which enables them to provide tailored solutions for clients with specific needs. They are proficient in handling build-to-suit (BTS) transactions, sale-leaseback arrangements, and portfolio sales. These complex transactions require specialized knowledge of corporate finance and real estate law.
By providing strategic advisory and transaction support, JLL’s Corporate Finance Net Lease team helps clients optimize their real estate portfolios, unlock capital, and achieve their financial goals within the net lease market.