Net Lease at New Mountain Capital with Teddy Kaplan

Net Lease at New Mountain Capital with Teddy Kaplan

Teddy Kaplan, Managing Director, President and CEO of Net Lease at New Mountain Capital, joins the program. Our discussion covers New Mountain’s focus on industrial manufacturing assets in defensive growth industries, the benefits of the firm's existing PE and credit business infrastructure for its net lease investment process, the evolution of net lease as an asset class, and much more.   This episode is sponsored by Commonwealth National Commercial Services – your national net lease title & escrow partner. Visit Commonwealth's website HERE [https://ncs.fnf.com/CLT-Net-Lease-Team.html] for additional information and contact National Account Manager John Heap at (602) 705-4180 or john.heap@cltic.com. Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

ABS Financing with Charlie Dann of Truist

Charlie Dann, Managing Director and Head of Esoteric ABS Banking at Truist Securities, joins the program. Our discussion covers all things asset-backed securitizations – the broad structure, its application to net lease including common terms, history, sponsors, and benefits, as well as the current market, 2026 outlook, and much more. Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

Sale/leaseback advisory with Matt Wrobleski

Matt Wrobleski, Partner at SLB Capital Advisors, joins the program. After extensive M&A, divestiture, and corporate finance advisory, Wrobleski entered the net lease sector in 2014 and ultimately teamed up with a group of specialists to launch SLB Capital Advisors in 2020. The company focuses exclusively on sell-side sale/leaseback engagements with operating companies across industries and ownership structures (private equity; family owned; corporations; etc.). Quarterly, the firm releases a sale/leaseback market update report. Go to www.slbcapitaladvisors.com to contact the team and request the report. Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

CTL Financing with Elyssa McMullen of PGIM

Elyssa McMullen, Head of Lease and CTL Financing at PGIM, joins the program. As a subset of the net lease industry, credit tenant lease or CTL financings are more structured finance than typical real estate lending. From underlying basics like standard CTL metrics and counterparties – to the esoteric specifics of unique deal construction, Elyssa shares insights and observations on CTL’s past, present, and future. With career lending totals approaching $15 billion over nearly 3 decades at PGIM, McMullen’s master class will benefit market participants of all experience levels. Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

Net lease longevity with Gino Sabatini of W.P. Carey

Gino Sabatini, Head of Investments at W.P. Carey (NYSE: WPC), joins the program. With over 25 years of experience at the $25 billion publicly listed net lease REIT, Sabatini provides a history of the company along with commentary on the firm’s position of strength today, non-traded REITs, underwriting lessons, the power of longevity, AI, data centers, and, much more. 1997 Forbes article on FFCA & P.F. Chang's: https://www.forbes.com/forbes/1997/1215/6013168a.html [https://www.forbes.com/forbes/1997/1215/6013168a.html] CPA Program returns as provided by Sabatini: Program Years Total AUM Total Return Avg 10YT Spread Liquidiation event     CPA 1-9 1978-1998 < $ 1 Bil 7.17% 8.4% (6.36% 92-98) -1.23% Listed on NYSE: "CDC" Jan 1998 - became "WPC" in 2000 CPA 10 1990-2002 $156 mil 8.81% 6.33% 2.48% Merged into CIP April 2002 ( shares or cash) CIP 1991-2004 $550 mil 11.22% 5.90% 5.32% Merged into CPA 15 2004 ( shares or cash)   CPA 12 1999-2006 $126 mil 10.91% 4.83% 6.08% Merged into CPA 14 ( shares or cash )   CPA 14 2001-2011 ~ $1 Bil 8.96% 4.23% 4.73% Merged into CPA 16 ( shares or cash )   CPA 15 2002-2012 $2.6 Bil 9.58% 3.85% 5.73% Merged into WPC, convert from LLC to REIT (Sept 2012) CPA 16 2004-2014 $4.0 Bil 7.64% 3.51% 4.13% Merged into WPC     CPA 17 2007-2018 $5.9 Bil 7.09% 2.87% 4.22% Merged into WPC     CPA 18 2013-2022 $2.7 Bil 10.60% 2.35% 8.25% Merged into WPC       Check out www.netleaseobserver.com for all net lease and sale/leaseback content.