Shopping for B-Malls: Investing for Stable Cash Flows and Value Creation
Loading...
No Access Until
Permanent Link(s)
Collections
Other Titles
Authors
Abstract
Executive Summary• The most compelling B-mall investment strategy is to acquire B-2 malls that have the potential to move up to the B-I level. • High barriers to entry and population demographics in their suburban locations make B-malls attractive. • Secondary malls typically price at below replacement cost. B-grade shopping malls have evolved into an extremely attractive real estate investment product. A B-mall is a regional shopping center that, relative to an A-mall, suffers from advanced age, a secondary or tertiary location, and/or mismanagement. The positive attributes of most B-malls, however, include strong and consistent cash flow production, high leasing demand, exceptional locations, functional and fungible physical plants, and trading values that are below replacement cost. Understanding the attributes that make B-malls successful and then realizing their intrinsic value by designing and executing proper rehabilitation, retenanting or expansion plans will increase cash flow and value for the savvy owner/manager.
Journal / Series
Cornell Real Estate Review
Volume & Issue
Vol. 3
Description
Sponsorship
Date Issued
2004-07-01
Publisher
Keywords
Cornell; real estate; retail; malls; retail investment; B-class malls; retail underwriting
Location
Effective Date
Expiration Date
Sector
Employer
Union
Union Local
NAICS
Number of Workers
Committee Chair
Committee Co-Chair
Committee Member
Degree Discipline
Degree Name
Degree Level
Related Version
Related DOI
Related To
Related Part
Based on Related Item
Has Other Format(s)
Part of Related Item
Related To
Related Publication(s)
Link(s) to Related Publication(s)
References
Link(s) to Reference(s)
Previously Published As
Government Document
ISBN
ISMN
ISSN
Other Identifiers
Rights
Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
Rights URI
Types
article