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Wednesday, July 18, 2018

The Wall Street Journal: Property Investors Scrounge Through Retail Ruins for Bargains


The Wall Street Journal's Esther Fung reports:

"Many property investors these days recoil from owning retail-oriented real estate, worried that most shopping centers are on their way toward extinction.

Then there is Brian Kosoy.

The chief executive officer of the Sterling Organization, a private-equity firm based in Palm Beach, Fla., said his firm is poised this month to close a nearly $500 million real-estate fund to invest in grocery-anchored shopping centers, street retail and other shopping centers across the U.S.

Sterling is part of a shrinking group of investors who still believe they can find bargains among the ruins, then turn these struggling properties around. ..."

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