The Island of Enchantment Charms U.S. Retail Investors
0 CommentPuerto Rico’s white sand beaches and lush green rainforests have dubbed it the “Island of Enchantment” and today, the region is attracting more than just tourists to the Caribbean island. While investors have mainly targeted their capital toward Puerto Rican office and hotel product, they’re increasingly realizing the benefits of the island’s retail offerings. JLL’s latest report launched today at the ICSC Caribbean Conference, uncovers why Puerto Rico’s buoyant retail market… Read More

Uptick in Competition: Due to the liquidity of the debt capital markets and the pursuit of higher yields, all lender groups including life companies, CMBS, banks, pension funds and debt funds are actively looking to place capital on retail product on a national basis at loan-to-value ratios of 65-85 percent. Grocery-anchored assets in primary markets continue to attract the most