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0.000646551002154094 0.000646551002154094 0.00131655204065569 0.00583905905054161 0.0133765707336846 0.0138790715125609 0.011031567098929 0.0138790715125609
Stock impact report

Cap Rates for Single Tenant Bank Ground Lease Properties Rise

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: PR Web
WILMETTE, Ill. (PRWEB) April 29, 2020 The Boulder Group announced the release of its new Net Lease Bank Report today. In the first quarter national asking cap rates in the single tenant bank ground lease sector increased to 5.47%, according to the Q12020 Net Lease Bank Report This represented a 17 basis point increase when compared to the prior year."The continued increase in cap rates can be attributed to investor concern surrounding the future of consumer banking and a lack of new bank branch locations with long-term ground leases," says Randy Blankstein, President, The Boulder Group.According to the report, the supply of bank ground leases is comprised of older buildings with shorter term leases with less than 10 years remaining. New bank branch locations remain in limited supply as banks have reduced their national expansion plans. "In the first quarter of 2020, the supply of bank ground leases was heavily concentrated in short term leases," adds Jimmy Goodman, Partner, The Bould Show less Read more
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