US Retail Real Estate with Acadia's Ken Bernstein (Part 1)

As the country continues to reopen, how will the retail real estate landscape change?

In part 1 of this two-part episode, Trademark CEO, Terry Montesi, joins his long-time friend, Ken Bernstein, President and CEO of Acadia Realty Trust, to discuss his background and how he started Acadia. Ken explains his diverse portfolio and how targeting both open-air centers and urban assets has led to success, even through the pandemic. The two explore the unique effects of COVID-19 on retail real estate and debate which trends are here to stay.

Follow “Leaning In” to hear future discussions about mixed-use and retail real estate every second and fourth Wednesday of the month.

For more information about Trademark, visit www.trademarkproperty.com

For more information about Acadia Realty Trust, visit www.acadiarealty.com.

Timestamps:

(0:54) - Ken’s background and journey to co-founding Acadia Realty Trust

(3:11) - Acadia’s portfolio and current strategy

(5:09) - What did you observe and learn during the pandemic from suburban and urban properties in your portfolio?

(9:34) - Omni-channel and the importance of Brick and Mortar

(10:53) - Acadia’s strategy going forward when thinking about open air vs. enclosed mall-type properties

(14:40) - Do we need less Brick and Mortar to account for the rise in e-commerce?

(18:36) - The importance of delivering ‘experience’ when setting projects apart from competitors

(21:04) - What have you learned monitoring the re-opening of the country over the past few months?

(26:59) - Angst and concerns around demand levels after the stimulus period has worn off and normality sets back in