Net Lease Observer

Stephen Preston & Pierre Revol - FrontView REIT

Stephen Preston and Pierre Revol, CEO and CFO of FrontView REIT (NYSE: FVR) join the program. Founded as NADG-NNN in 2016, FrontView is a NYSE listed owner of highly visible, net-leased assets with flexible footprints tenanted by retail and medical concepts. The company focuses on properties in prominent locations with frontage on high-traffic roads that are highly visible to consumers. As of 9/30/2025, FVR owned 307 properties in 37 states with $61 million in annualized base rent.
Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

Travis Fidel & Kevin Marusiak of Radar Net Lease

Travis Fidel and Kevin Marusiak, Co-Founders and Managing Partners of Radar Net Lease, join the program.
Radar operates via two platforms: its triple net lending arm where it provides capital solutions across the full lifecycle of net lease real estate — from ground-up development to stabilized asset purchases; and its acquisitions arm where it directly buys retail, industrial, and medical properties throughout the country.
Our conversation with Travis and Kevin covers their childhood years growing up together, their early careers in real estate and net lease, and coming together to form Radar Net Lease.
Check out www.netleaseobserver.com for all net lease and sale/leaseback content.

Alexi Panagiotakopoulos of Colterpoint

Alexi Panagiotakopoulos, Co-Founder and Partner at Colterpoint, joins the Net Lease Observer podcast.
Over his career, Panagiotakopoulos has served in various roles across public and private markets throughout distress commercial debt and net lease/sale-leaseback. His unique background provides a robust foundation for insights on the single tenant net lease market, particularly the growth and institutionalization of the sector (of which he has been directly involved), the role of public REIT, and the characteristics / benefits of the ETF structure.
Launched in 2019 and rebranded in 2025, Colterpoint, through its proprietary public index, the Colterpoint Net Lease Real Estate Index, calculated by NASDAQ, serves as the index provider to the Colterpoint Net Lease Real Estate ETF (NYSE Arca: NETL). Colterpoint's goal is to democratize the public net lease sector in a diversified, transparent, and tradable manner.
Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

Craig Ganz of Ballard Spahr

Craig Ganz, Partner at Ballard Spahr, joins the Net Lease Observer podcast.
With a near 20-year career guiding single tenant net lease landlords, Ganz and his team provide a range of services from transaction representation (acquisitions and dispositions) to distress and workouts. Through over 750 lawyers in 18 US cities, Ballard Spahr provides strategic legal services and business solutions. Ganz provides insightful views on the current net lease market including transaction velocity, distress trends, and the growing role of artificial intelligence on the legal profession.
Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

Andrew Spodek of Postal Realty Trust

Andrew Spodek, CEO at Postal Realty Trust (NYSE: PSTL), joins the Net Lease Observer podcast.
Growing up and learning from his dad as he acquired postal service real estate, Andrew took over the family business and ultimately seeded PSTL with assets for its 2019 IPO. Spodek’s deep knowledge of the USPS and its logistics network along with a robust understanding of real estate and finance sets his foundation as an investor and leader.
Postal Realty Trust is an internally managed REIT with a focus on acquiring and managing properties leased primarily to the USPS ranging from last-mile post offices to industrial facilities. As of June 30, 2025, PSTL owned a portfolio of 1,806 properties located in 49 states and one territory and leased primarily to the USPS.
Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

Gary Baumann of ARCTRUST

Gary Baumann, CEO at ARCTRUST, joins the Net Lease Observer podcast.
An early career path ranging from construction work to practicing law ultimately led Gary to his current 20-year run at ARCTRUST Companies. Baumann's diverse experience provides thought-provoking insights into not only the single tenant net lease sector, but integral business topics including leadership, helping develop and grow his colleagues' skillsets and career progression, investing with discipline and patience, the ability to adapt, and many others.
ARCTRUST, a fully integrated real estate company celebrating 40 years of success, is responsible for the development, acquisition, and joint venture funding of more than 500 properties with a value that exceeds $5 billion.
Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

Chris Hollenbeck of Cushman & Wakefield

Chris Hollenbeck, Vice Chair at brokerage Cushman & Wakefield (NYSE: CWK), joins the Net Lease Observer podcast to discuss his nearly two-decade net lease career.
A move from Missouri to Arizona for university led Chris on a path toward sales and ultimately real estate, finding an early niche in single tenant net lease brokerage. Hollenbeck's clients include developers, REIT and institutions, individual investors, and family offices, providing unique insights into the investor mindset with a laser focus on retail capital markets.
Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

Will Pike of CBRE

Will Pike, President, Industrial & Logistics, Capital Markets at CBRE Group (NYSE: CBRE) joins the Net Lease Observer podcast to discuss his 20+ year career at the brokerage giant.
Inspiration from the growth of Atlanta in the 80s and 90s led Will to join CBRE in the early 2000s. From net lease property LOI received via fax machine to over $50 billion in transaction volume with his team, Will provides insights into the evolution of the net lease asset class with a global perspective across all property types.
Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.

Recap: 1st week of 2Q25 earnings & Net Lease Summit

Today's solo episode recaps the Observer's recent trip to the 11th annual REJournals Net Lease Summit and provides insights into the first week of net lease REIT 2Q2025 financial reporting, which included primarily retail-focused investments. Check out www.netleaseobserver.com to subscribe to our premium content!

Richard Hurd - Hurd Real Estate

Richard Hurd, Founder and President of Hurd Real Estate, joins the Net Lease Observer podcast to discuss his five-decade run finding opportunities to create value.
From flipping Chevys in high school to rehabbing single family homes and apartments (before HGTV) to ultimately building his own commercial real estate firm (with no outside capital), Richard's perseverance, willingness to bet on himself, and can-do attitude provide timeless lessons and an inspiring example of entrepreneurship.
Hurd Real Estate is an internally funded commercial real estate investment and development firm based in Des Moines, IA that owns and manages a portfolio of over 200 income-producing properties. Check out www.hurdrealty.com for additional information.
Visit www.netleaseobserver.com to subscribe to the Net Lease Observer's premium content covering the single tenant net lease and sale/leaseback markets.