International Investors Roll the Dice on Retail

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Shopping Centers Today recently noted that international investors are jumping into the U.S. retail real estate market and are seeking two very different types of assets. Big name investors are looking for prime High Street opportunities in select cities and fortress malls,  but underneath the ‘A’ properties there is a whole country full of riskier, higher-cap shopping centers, that are attracting a wave of investors targeting higher returns.

JLL’s Margaret Caldwell notes that her team is “Seeing a lot of Israeli investors, a bunch of new players we haven’t seen in the past, going after properties in secondary and tertiary markets. We have also seen a few Russian investors, that are buying into 10 percent–plus deals. And a lot of it is all-cash. These investors are willing to gamble.”

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