Patient 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