Full CRE coverage of finance and investment in the retail real estate sector, including shopping centers, regional malls, outlet centers and other retail formats.
Some people are looking at retail loans as the next “big short”, says Manus Clancy, senior managing director and the leader of applied data, research, and pricing departments at Trepp.
Big Lots, Burlington, Aldi, Hobby Lobby have bid on some locations. Now more stores are being auctioned off as the chain slowly sells off its real estate.
The average retail cap rate for net lease properties during the second quarter of 2018 reached 6.2 percent, an increase of 10 basis points from first quarter and the biggest jump in seven years.