Friday, September 15, 2017

Fear of Whole Foods Disruption Seen as a Real Estate Opportunity

whole-foodsPatient real estate investors stand to gain from the fears of disruption such as the one that rattled the grocery industry after Amazon.com Inc.’s takeover of Whole Foods, according to MetLife Inc.

The narrative about the death of brick-and-mortar retailers is likely overdone, MetLife Investment Management said in a report released Thursday. High employment in the industry as well as strong consumer spending show that demand may remain strong, the authors said. Amazon’s threat might drive off some “skittish” investors, leaving the rest with the prospect of better returns.. . . more

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