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The Fort - An Entrepreneurship Podcast

#360 - Andy Weiner - President @ RockStep Capital - Investing in Shopping Malls in Secondary / Tertiary Markets at 15-25% Cap Rates

Jul 23, 2024
Andy Weiner, President of RockStep Capital, shares his mall thesis and deals in small-town America. He discusses deal killers, capitalizing deals, zombie malls, and battling Amazon. Also, alternative ways to monetize mall assets and implementing a successful company culture via Rocksteps are explored.
01:10:02

Episode guests

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Quick takeaways

  • Distressed malls offer opportunities for alternative use like sports complexes or educational facilities.
  • Specialized staffing firms can provide solutions for businesses with financial or operational challenges.

Deep dives

Repricing Malls with Insolvent Debt

Malls in the US face insolvency with $50 billion of debt being repriced at dramatically lower values, leading to opportunities for alternative uses like sports complexes or educational facilities to revitalize these spaces.

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