The Bascom Group

Malls Regain Allure Amid Continued Economic Gloom

Mall buyers will focus either on well-performing and stabilized properties, or anemic and value-added space in coming months. Until financing becomes readily available for all mall types, there won’t be much room for anything between the two extremes. Core asset buyers such as Glimcher Realty Trust and Miller Capital Advisory/Institutional Mall Investors should make further strides in and independent of joint venture partnerships nationwide. Value-added mall buyers Boxer Property Management, Morris Capital Partners and Real Estate Development Advisors will scoop vacant properties that core buyers won’t touch and, in doing so, move closer to first-time acquisitions and new market entries. Count on buyers to scout mall deals in the 6% to 7% cap rate range for stabilized assets, up to 9%-plus​

Download Document

We protect capital while exceeding client expectations.
(949) 955-0888