Triple Net Properties are a popular investment for owners looking to have zero or very limited landlord responsibilities. Many 1031 exchange buyers sell commercial property (multifamily apartments, industrial warehouses, land, etc.) and find themselves in the market for a hands off commercial real estate investment. Deferring future capital gains by doing a 1031 exchange is a major component to the Single Tenant Triple Net sector of real estate. REITS, value add developers and investors, and passive investors are the other main sources of buyers in the sector.