The cliché of the retail apocalypse is overstated. Retail is far from dead and thriving in the right locations. More than many other asset classes, there are operational inefficiencies in leasing and management that represent greater opportunities to add value. As a result, shopping centers can generate cap rates north of 10% for operators and investors not long after acquisition.
Phil Block, Founding Partner of LBX Investments, has hit major home runs over the last few years by adding value in local shopping centers.
Learn more at https://www.streetsmartsuccess.com