Net Lease Observer

Gary Baumann, CEO at ARCTRUST, joins the Net Lease Observer podcast.

An early career path ranging from construction work to practicing law ultimately led Gary to his current 20-year run at ARCTRUST Companies. Baumann's diverse experience provides thought-provoking insights into not only the single tenant net lease sector, but integral business topics including leadership, helping develop and grow his colleagues' skillsets and career progression, investing with discipline and patience, the ability to adapt, and many others.

ARCTRUST, a fully integrated real estate company celebrating 40 years of success, is responsible for the development, acquisition, and joint venture funding of more than 500 properties with a value that exceeds $5 billion.

Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

Chris Hollenbeck, Vice Chair at brokerage Cushman & Wakefield (NYSE: CWK), joins the Net Lease Observer podcast to discuss his nearly two-decade net lease career.

A move from Missouri to Arizona for university led Chris on a path toward sales and ultimately real estate, finding an early niche in single tenant net lease brokerage. Hollenbeck's clients include developers, REIT and institutions, individual investors, and family offices, providing unique insights into the investor mindset with a laser focus on retail capital markets.

Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

Will Pike, President, Industrial & Logistics, Capital Markets at CBRE Group (NYSE: CBRE) joins the Net Lease Observer podcast to discuss his 20+ year career at the brokerage giant.

Inspiration from the growth of Atlanta in the 80s and 90s led Will to join CBRE in the early 2000s. From net lease property LOI received via fax machine to over $50 billion in transaction volume with his team, Will provides insights into the evolution of the net lease asset class with a global perspective across all property types.

Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

Today's solo episode recaps the Observer's recent trip to the 11th annual REJournals Net Lease Summit and provides insights into the first week of net lease REIT 2Q2025 financial reporting, which included primarily retail-focused investments. Check out www.netleaseobserver.com to subscribe to our premium content!

Richard Hurd, Founder and President of Hurd Real Estate, joins the Net Lease Observer podcast to discuss his five-decade run finding opportunities to create value.

From flipping Chevys in high school to rehabbing single family homes and apartments (before HGTV) to ultimately building his own commercial real estate firm (with no outside capital), Richard's perseverance, willingness to bet on himself, and can-do attitude provide timeless lessons and an inspiring example of entrepreneurship.

Hurd Real Estate is an internally funded commercial real estate investment and development firm based in Des Moines, IA that owns and manages a portfolio of over 200 income-producing properties. Check out www.hurdrealty.com for additional information.

Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

Alex Sharrin, Co-Head of Corporate Capital Markets and Net Lease at Fortune 500 corporation JLL (NYSE: JLL), joins the Net Lease Observer podcast for a wide-ranging discussion around his path into net lease, JLL's service offerings, and dynamics in the net lease market today.

Sharrin and his team offer an array of services, including net lease disposition and acquisition advisory, 1031 exchange transactions, sale-leasebacks, debt & equity financing, and build-to-suit across net leased retail, industrial, office and medical offices properties.

Glen Kunofsky joins the Net Lease Observer podcast to discuss his over two-decade career in net lease, his firm's recent rebranding to Surmount, and the current market dynamics of single tenant net lease.

Kunofsky is the Founder and Chief Executive Officer of Surmount (formerly NNN Pro / STNL Advisors / UGDC). Since its inception over 20 years ago, Glen and his team have closed over $30 billion in transactions across more than 12,000 properties, with over $5.6 billion completed this past year. Check out www.surmount.com for more information.

Go to www.netleaseobserver.com for all things net lease and sale/leaseback.

Mark Manheimer is the President and CEO of NETSTREIT (NYSE: NTST), a publicly traded, internally managed real estate investment trust based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. As of 3/31/2025, NTST’s portfolio includes 695 investments located in 45 states totaling 12.8 million square feet leased to 101 tenants. The portfolio is 99.9% occupied with a weighted average lease term remaining of 9.7 years. 55% of annualized base rent is sourced from tenants (or parent entities) that are rated investment grade.

The Net Lease Leaders series shares impactful long-form conversations with executives across the single tenant net lease ecosystem and is presented by the Net Lease Observer.

Christopher Volk is the Chairman of Tenet Equity, a leading direct provider of flexible, long-term capital to middle market companies throughout the U.S. backed by Cerberus Capital Management. Volk has been involved in the single tenant net lease ecosystem since the 1980s and has led three firms to the public markets: Franchise Finance Corporation of America; Spirit Finance; and STORE Capital.

The Net Lease Leaders series shares impactful long-form conversations with executives across the single tenant net lease ecosystem and is presented by the Net Lease Observer.

John Moragne is CEO of Broadstone Net Lease (NYSE: BNL), a Rochester, NY-based industrial focused, diversified listed net lease REIT that invests in single-tenant commercial real estate properties. As of December 31, 2024, the Company’s portfolio included 765 properties in 44 states plus seven assets across four Canadian provinces.

The Net Lease Leaders series shares impactful long-form conversations with executives across the single tenant net lease ecosystem and is presented by the Net Lease Observer.