Tuesday, July 17, 2018

Property Investors Scrounge Through Retail Ruins for Bargains

The Wall Street Journal
Many property investors these days recoil from owning retail-oriented real estate, worried that most shopping centers are on their way toward extinction.

Then there is Brian Kosoy.

The chief executive office of the Sterling Organization, a private-equity firm based in Palm Beach, Fla., said his firm is poised this month to close a nearly $500 million real-estate fund to invest in grocery-anchored shopping centers, street retail and other shopping centers across the U.S.
. . . more