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Shopping for B-Malls: Investing for Stable Cash Flows and Value Creation

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dc.contributor.authorGiller, Jeff
dc.contributor.authorPlenge, Steven
dc.date.accessioned2020-09-04T01:59:51Z
dc.date.available2020-09-04T01:59:51Z
dc.date.issued2004-07-01
dc.description.abstractExecutive 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.
dc.description.legacydownloads2004_79_84_Giller___Plenge.pdf: 812 downloads, before Aug. 1, 2020.
dc.identifier.other5642313
dc.identifier.urihttps://hdl.handle.net/1813/70603
dc.language.isoen_US
dc.relation.ispartofseriesCornell Real Estate Review
dc.rightsRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
dc.subjectCornell
dc.subjectreal estate
dc.subjectretail
dc.subjectmalls
dc.subjectretail investment
dc.subjectB-class malls
dc.subjectretail underwriting
dc.titleShopping for B-Malls: Investing for Stable Cash Flows and Value Creation
dc.typearticle
local.authorAffiliationGiller, Jeff: Somera Capital Management
local.authorAffiliationPlenge, Steven: Somera Capital Management
schema.issueNumberVol. 3

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CRER Vol. 03 (2004)