Branch Properties’ Jesse Shannon on institutional investors’ shift toward operator partnerships and recapitalizations in retail real estate
by Andrea Zander
Institutional investors are placing greater emphasis on partnering with operating platforms, shifting away from transactional dealmaking toward programmatic, long-term relationships. That evolution is driving an increase in recapitalizations across institutional real estate, as capital flows into platforms rather than individual assets. Jesse Shannon, president and CIO, Branch Properties, explains the drivers behind this shift, how recap structures are enabling it and why operators have become central to execution in the grocery-anchored retail sector.