July 17, 2025

630: From Decades Of Multifamily To NNN Single Tenant Net Leases

630: From Decades Of Multifamily To NNN Single Tenant Net Leases
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Over the past few decades, there’s been a trend towards renting apartments versus home ownership, especially in the past five years. Home ownership has grown increasingly out of reach, and apartment amenities and living spaces have improved dramatically. Additionally, people are becoming more reluctant to make long-term commitments to any given location and want to avoid the responsibility of owning a home. Mike Kron, COO of Management Support, has been developing and acquiring apartments for several decades. Since 2024, Mike has been raising a fund which is acquiring Single Tenant Net Lease properties with national credit Fortune 350 tenants.