#360 - Andy Weiner - President @ RockStep Capital - Investing in Shopping Malls in Secondary / Tertiary Markets at 15-25% Cap Rates
The Fort
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Navigating Shopping Center Investments in Small Markets
This chapter explores the speaker's journey into investing in shopping centers in secondary and tertiary markets, focusing on building relationships with reputable tenants like Tractor Supply. It emphasizes the advantages of working in smaller markets with cohesive communities and discusses the challenges and opportunities of investing in lower value malls with mid-teens cap rates. The chapter also delves into the strategies of underwriting shopping malls, analyzing tenant performance, and navigating complex management and leasing issues in mall investments.
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