Under this segment the company invests in seniors housing and health care real estate through acquisition and financing of primarily single tenant properties.
According to Real Capital Analytics, a New York research company, $2.7 billion in so-called single-tenant property valued at $5 million or more changed hands in the second quarter of this year, an increase of 40percentt over the sales volume of the second quarter of 2001.
The board members, all mayoral appointees chosen to represent tenants, property owners or the public at large, voted 6 to 3 to approve the increases.
But some on the nine-member board -- all mayoral appointees chosen to represent tenants, property owners or the public at large -- cited disparate economic factors, ranging from global warming to job losses since Sept. 11, that they said were easing the burden of landlords while placing tenants in a financial bind.
In it a buyer acquires a single-tenant property and leases it back over a long term to the seller, typically a corporation.
The site for the World Trade Center was the location of Radio Row, which was home to hundreds of commercial and industrial tenants, property owners, small businesses, and approximately 100 residents.
The site for the World Trade Center was the location of Radio Row, home to hundreds of commercial and industrial tenants, property owners, small businesses, and approximately 100 residents, many of whom fiercely resisted forced relocation.
Even now the borough has 39,000 tenanted properties and 16,700 leasehold properties.
These days, the busiest buyer of single-tenant properties is Wells Real Estate Investment Trust of Atlanta.
And many more single-tenant properties with long-term leases are waiting to be tapped, said Mr. Ralston, whose company owns $1 billion in property.
The market for single-tenant properties is so strong that many properties are sold with a few phone calls, said Robert White Jr., the president of Real Capital Analytics.
