Investors that have been cautious of the downside risk in retail are now looking at some late-cycle acquisitions. There are opportunities in retail where prices have over-corrected to the downside. Investors see an opportunity to get in at a lower basis and be able to reinvest to reposition or re-tenant the asset or add value, notes Steve Pumper, an executive managing partner in Transwestern's capital markets and asset strategies group.
“You need to proceed with caution, but I think there are opportunities within the retail sector,” he says.. . . more