Caporrino and Cote of Sovereign Realty discuss existing deals

Name: Frank Caporrino & Clem Cote Title: Managing Principals Company/Firm: Sovereign Realty Group Year Founded: 2012 Years in real estate industry: 12+ Telephone: (516) 340-9696 Email: [email protected] / [email protected] URL: www.srgcompanies.com Twitter: Facebook: https://www.facebook.com/SovereignRealtyGroupLLC Real Estate Associations/Affiliations: In the current economic climate, what kinds of deals are out there and who is the typical buyer? Consumer? Existing deal types vary between regional markets. Nationally, Sovereign Realty Group has witnessed a great deal of transactional activity shift to the single tenant net lease genre, more commonly known as NNN properties. While the "typical buyer" varies, many are investors who look to complete a 1031 exchange. Those investors are realizing profits from the sale of their shopping centers, multifamily and office buildings, and shifting the funds into properties with little or no management responsibility. Most buyers are seeking properties with long term NNN leases, commonly occupied by nationally recognized banks, fast food chains, pharmacies, and convenience stores. Sovereign Realty Group specializes in the sale of NNN properties nationwide and is a leading source for the successful completion of 1031 exchanges.