432. Net Lease Playbook: Institutional Capital & Sale-Leasebacks with Glen Kunofsky, SURMOUNT

In this special guest episode of The TreppWire Podcast, we’re joined by Glen Kunofsky, Founder and CEO of SURMOUNT, a full-service net lease commercial real estate platform. Glen shares his path from buying his first rental property as a college freshman to completing more than $50 billion in net lease transactions. We discuss how the net-lease market has changed as institutional capital pours into the space, blurring the line between institutional and private buyers. Glen explains why sale-leasebacks have become an attractive source of capital for operators and private equity firms, and how rising interest rates are pushing cap rates higher. We also cover his four keys to underwriting net lease, why foreign investors and family offices keep coming to the U.S. market, and what permanent 100% bonus depreciation means for investors. Tune in now.