Nowadays, a mix of realism and optimism permeates the retail REIT sector, with landlords acknowledging the rocky atmosphere for brick-and-mortar retail while touting the rise of “experience” retailers that don’t rely heavily on e-commerce.
On one end of the spectrum are retail REITs with a heavy
concentration of older regional malls in secondary and tertiary markets.
These REITs face “substantive risk,” says Alan Pontius, national
director of specialty divisions at real estate services firm Marcus
& Millichap.. . . more