Royal Oak, Michigan — Vogel Advisors is pleased to announce the successful sale of a portfolio of net leased properties. The firm’s client, a high-net-worth family office, engaged Vogel Advisors to liquidate the portfolio due to historically low capitalization rates for net leased assets.
Bill Vogel, president of Vogel Advisors, privately marketed the nationwide portfolio to a number of large real estate investment trusts and private equity firms. Competition for the portfolio was aggressive, and multiple bids were received. In the end, a publicly-traded real estate investment trust based in New York acquired the entire portfolio, resulting in a significant profit for the client.
About Vogel Advisors
Vogel Advisors is an independent commercial real estate brokerage providing strategic solutions for business owners and corporations. Since 2005, the firm has offered its clients thoughtful, unbiased, and conflict-free counsel. Services include tenant advisory, lease renewals and modifications, purchase and sale advisory, sale-leaseback advisory and §1031 exchanges.