Navigating Pharmacy Net Leases in a Shifting Market

The Crexi Podcast: Conversations in All Things Commercial Real Estate

This episode features the latest news on pharmacy net lease assets with Jason Pongsrikul, Founder & Managing Principal at Pharma Property Group.

The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.

In this episode, Crexi's Ashley Kobovitch sits with Jason to talk about all things pharmacy, including how interest rates and inflation are impacting the sector, actionable entrepreneurial advice for brokers looking to get into pharmacies, status checks on the largest net-lease tenants, and much more. Their wide-ranging conversation includes:

• Introductions: Welcome to The Crexi Podcast
• Meet Jason Pongsrikul: A Trailblazer in Drugstore Property Investments
• Jason's Journey: From Pharma Sales to CRE Powerhouse
• The Art of Listening: Jason's Key to Success in CRE
• Founding Pharma Property Group: Challenges and Triumphs
• Investing in Pharmacies: Trends, Challenges, and Opportunities
• Navigating the Future: Pharmacy Sector Insights and Strategies
• Rapid Fire Questions: Investment Insights and Tools for Success
• Parting Words and How to Connect with Jason

About Jason Pongsrikul:

Jason Pongsrikul formed Pharma Property Group in 2012 and, since that time, has closed roughly $2 billion in drugstore properties occupied by Walgreens, CVS, and Rite Aid. His extensive track record includes over 300 drugstore property sale transactions and over 1,500 drugstores underwritten with property values totaling $5 billion. These credentials make Jason one of the most experienced drugstore real estate brokers in the history of triple-net investments.

Before forming Pharma Property Group, Jason worked at the nation’s largest CRE investment brokerage company, Marcus & Millichap. He was a former top 30 producer for the firm out of over 1,300 agents nationwide. He has also served as VP of Acquisitions/Dispositions for a national single tenant net leased built-to-suit developer and as a District Manager for one of Johnson & Johnson’s largest pharmaceutical companies, Ortho-McNeil.

Jason graduated from the University of San Diego with a bachelor's in accountancy. He was captain of the tennis team in both his junior and senior years, leading the team to multiple Division I NCAA tournament appearances. He is a proud native of San Diego and is married with two sons.

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