Friday, June 22, 2018

‘Retail Apocalypse’ Didn’t Scare This Landlord Off an IPO

Bloomberg
U.S. landlord Essential Properties Realty Trust Inc. just went public as shares of other retail real estate owners struggle. What’s its angle?

Don’t just sell stuff.

“We focus on a very specific set of properties that have this service component, so it’s not just a generic box selling retail goods,” Chief Executive Officer Pete Mavoides said in an interview. “We own fitness centers, dental clinics, restaurants -- granular tenants that provide a service.”. . . more