Thursday, May 11, 2017

Shopping Center REITs Build Value through Redevelopments

Image result for sports authority vacancyShopping center REIT DDR is facing the shifting retail business head on, after importing Equity One’s top executive layer in March. Kimco Realty Corp. registered its highest leasing volume in more than 10 years, and expects retailers to continue restructuring their debt and rebalance online and physical sales channels. The industry’s leading shopping center REITs had very different stories for the first quarter of 2017. Overall, many of the companies relied on redevelopment to repurpose anchor pads vacated by troubled retailers, and improved portfolios by reshuffling properties.. . . more

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