Michael Fitzgerald joined W. P. Carey’s Investments Team in March 2022 and currently serves as Managing Director, Head of U.S. Retail Investments. In his role, he oversees the firm’s sourcing and execution of retail net lease transactions in the U.S. Michael previously held senior acquisition roles at Realty Income and its predecessor companies VEREIT and Cole Real Estate Investments, where he completed over $4 billion in transaction volume. Prior to his experience in the net lease space, Michael spent his career in investment banking, holding positions at Merrill Lynch and Salomon Smith Barney in New York and Robertson Stephens in San Francisco. Michael graduated from the University of Arizona with a B.S. in Finance.
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Net Lease Retail is at an Inflection Point
As retail investors and operators convene in Las Vegas for ICSC, the conversation around net lease retail feels both familiar and different. Familiar, because the net lease retail market continues to
Net Lease Retail Demand Follows Where Retailers Are Growing
The US net lease market is experiencing a resurgence. Valuations reset throughout 2025, meaning the bid-ask spread narrowed. And in spite of economic headwinds, net lease volumes increased by 24% year
'Still Bullish' on Net Lease Retail Despite Economic Uncertainty
Despite some economic ebbs and flows as of late, certain sectors of net lease retail, particularly those more immune to tariff concerns such as service-based businesses, remain attractive to investors