While Seritage assets are sure to create investor interest, a cloudy economic outlook and tighter financing availability are bound to be major factors in negotiations, market observers say.
Higher interest rates and tightened underwriting standards have created an opportunity for short-term and gap lending solutions.
After three straight months of declines, the FTSE All Equity REIT rose more than 3% for the month of October.
By assuming existing loans, investors can mitigate the risk from rising interest rates and ultimately underwrite a greater leveraged return, market participants say.
The lack of available space and spiking rents around major U.S. ports is leading tenants to diversify or relocate to smaller ports around the country.
Which markets saw the highest office investment volumes in the first three quarters of the year?
The conversion of empty retail stores to mini warehouses expected to wane as in-store shopping makes a comeback.