Chris Volk, president and CEO of STORE Capital Corp. (NYSE: STOR), participated in a video interview in conjunction with Nareit’s REITworld: 2020 Annual Conference.
Volk noted that STORE’s occupancy level has remained consistent throughout the pandemic and vacant and non-paying properties have remained at pre-pandemic levels. The portfolio has been helped by its sheer diversity, he explained.
For 2021, STORE is expecting elevated rent levels, as long as markets stay open, Volk said.
Volk also noted that STORE’s tenants are regional market leaders in the areas that they serve and are going to be in a position to take advantage of post-pandemic growth, as well as consolidation opportunities. “We intend to be a part of their growth plans going forward,” Volk said. He added that STORE sees ample room to expand its reach in the middle market and larger company space.