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The Distribution by Juniper Square

Special Series: Lower Middle Market Alpha with Ryan Moore - Co-Founder and CEO - Last Mile Investments - Retail’s Revenge: The Last Mile Opportunity

Mar 28, 2025
Ryan Moore, Co-founder and CEO of Last Mile Investments, shares insights from over 20 years in real estate. He discusses the contrarian approach to unlocking value in unanchored retail spaces and the importance of local market knowledge. Ryan emphasizes the resilience of brick-and-mortar retail, outlining how strategic investment and operational expertise can yield high returns. The conversation also covers the evolving landscape of retail investment amidst a recovering market, highlighting collaborative culture and thematic strategies as keys to success.
51:59

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Ryan Moore identifies significant untapped opportunities in unanchored retail despite the prevailing trend favoring e-commerce and multifamily investments.
  • Last Mile Investments operates as a fully vertically integrated platform, ensuring comprehensive control over retail assets to enhance investment returns.

Deep dives

The Contrarian Approach to Retail

Ryan Moore established Last Mile Investments in 2019 amidst a prevailing perception that brick-and-mortar retail was declining due to the rise of e-commerce, particularly after Amazon's acquisition of Whole Foods. Rather than following the trend toward multifamily and industrial investments, Moore perceived significant untapped opportunities in unanchored retail, which was largely overlooked and misunderstood. His perspective was grounded in years of retail experience and deep relationships with tenants, leading him to believe that retail properties remained valuable and strategically located near high traffic areas. This contrarian viewpoint has positioned Last Mile to capitalize on the shift back towards physical retail spaces as consumers seek closer and more accessible shopping options.

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