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Institutional Retail Grab June 9, 2011

Posted by Sean Tufts in Articles, Blogs, Retail News.
Tags: , , , , , ,

As previously discussed in recent blog posts, sales volume has significantly jumped this year in the retail sector led by institutions with a nearly unlimited and practically free capital source. Their focus on purchasing retail centers has done many things to retail landscape, most importantly by driving CAP rates down to unexpected levels. It continues to change the ownership profile across the country as private capital controls less and less product.

This has always been the case for large shopping centers but was less of a concern for the single tenant market, where private investors dominated. That has changed significantly in the last six months as the share of institutional ownership of single tenant retail assets grew from 5% to 25%.

Check out the article in National Real Estate for more detail.





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