In an effort to cater to international investors, Washington, D.C.-based triple-net lease specialist Calkain Companies is opening an office in For Lauderdale, GlobeSt.com reported.
The firm already has a Florida location in Tampa, but it needed a presence in South Florida, too.
“Florida attracts national attention, especially for net lease properties,” said Patrick Nutt, the managing director heading the new office. “But South Florida is a market to itself. Without having boots on the ground down in the Tri-County area we were lacking the presence we really needed to serve our clients.”
He said many international investors like triple-net lease properties because its a safe, passive way to invest in U.S. real estate. [GlobeSt]