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Investors were already flirting with net lease properties in the first half of the year, drawn by the lure of stable returns despite uncertainty fueled by a global trade war. The July 4 passage of the Trump administration’s signature budget package has made a relationship even more attractive.

Net lease assets pulled in billions of dollars in investment before the One Big Beautiful Bill Act became law, but activity has been supercharged in recent weeks by investment giants like BlackRock and Starwood Property Trust diving in to the tune of $10B.

Transactions, including the rollup of other massive firms, are expected to accelerate in the back half of the year. 

“We needed the tax package to be passed, and then we expected folks would develop a thesis and move forward,” said Camille Renshaw, the CEO of B+E, a brokerage and marketplace focused on net-leased assets and 1031 exchanges. “And it has been frenetic, pretty much since the day after the tax package passed.” 

Investors spent $46.7B in the 12 months ending in June on net-leased assets, up 37% year-over-year, according to data from CBRE and MSCI. The defensive sector is drawing capital from buyers looking for a harbor safe from the impacts of tariffs or a potential economic downturn. 

“I expect it to stay that way, which is really interesting in the summer. It’s not usually that way in the summer,” she said.

Read the full article from Bisnow here.