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2014Mid-Year
Observations
Rebecca Wells, CRX, CCIM
Executive Vice President
Midwest Retail Capital Markets
+1 317 810 7009...
Investors targeting secondary markets to find
yield and place huge amounts of equity
 Very strong price appreciation + 20...
More capital chasing than there is product –
investors are digging deep to win transactions
 Buyers are very competitive ...
Cash rich owners who have spent the last 2-3
years redeveloping and investing in their
portfolios are now monetizing
 Own...
Favorable fundamentals with positive
momentum driving rents and price appreciation
in secondary markets
 Strong net absor...
REITs/Funds/Institutionals continuing to prune
non-core assets to upgrade existing portfolios
 Sellers pricing rent growt...
For more information, please contact:
Rebecca Wells, CRX, CCIM
Executive Vice President
Midwest Retail Capital Markets
+1 ...
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2014 Mid-Year Observations: Stars aligned for retail investment sales

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Rebecca Wells, Executive Vice President of Midwest Retail Capital Markets at JLL shares her views on retail investment sales at the recent ICSC ReCon. The stars have aligned for extremely favorable selling conditions with market fundamentals and financing availability the best we’ve seen in years.

Learn more by visiting: www.jll.com/mwcmg

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Transcript of "2014 Mid-Year Observations: Stars aligned for retail investment sales"

  1. 1. 2014Mid-Year Observations Rebecca Wells, CRX, CCIM Executive Vice President Midwest Retail Capital Markets +1 317 810 7009 rebecca.wells@am.jll.com Stars aligned for retail investment sales: Views from ReCon and beyond
  2. 2. Investors targeting secondary markets to find yield and place huge amounts of equity  Very strong price appreciation + 20% YOY  Retail investor optimism due to improvement in economy  Bank and CMBS driving deal volumes for retail assets Secondary market Midwest/Great Lakes Region 2014Mid-Year Observations
  3. 3. More capital chasing than there is product – investors are digging deep to win transactions  Buyers are very competitive to win core, trophy assets supported by highly competitive debt options – keeping returns attractive Class A/B malls Urban high street retail NNN single tenant Grocery anchored retail 2014Mid-Year Observations
  4. 4. Cash rich owners who have spent the last 2-3 years redeveloping and investing in their portfolios are now monetizing  Owners have been successful creating value by repositioning assets with a stronger tenant base  Now able to take advantage of market conditions by selling stabilized assets into a much stronger market 2014Mid-Year Observations
  5. 5. Favorable fundamentals with positive momentum driving rents and price appreciation in secondary markets  Strong net absorption and demand for space  Little new construction  Increasing rental rates and fewer landlord concessions  Major national tenants in expansion/new store growth mode 2014Mid-Year Observations
  6. 6. REITs/Funds/Institutionals continuing to prune non-core assets to upgrade existing portfolios  Sellers pricing rent growth into offerings  DDR/Kimco/Blackstone/Inland/ARC  Private buyers very competitive on pricing given availability of attractive debt options 2014Mid-Year Observations
  7. 7. For more information, please contact: Rebecca Wells, CRX, CCIM Executive Vice President Midwest Retail Capital Markets +1 317 810 7009 rebecca.wells@am.jll.com Key takeaway: Extremely favorable selling conditions with market fundamentals and financing availability the best we’ve seen since 2008 2014Mid-Year Observations
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