Institutional investors are increasingly using joint ventures to expand their exposure to retail real estate, particularly grocery-anchored shopping centers, according to an Oct. 21 article from ICSC’s Commerce + Communities Today.
Recent partnerships involving CBRE Investment Management, Norges Bank Investment Management, Nuveen Real Estate and PSP Investments reflect growing institutional interest in the sector, supported by favorable supply-and-demand fundamentals and opportunities for long-term income growth.
The article found that investors are increasingly seeking partnerships with experienced retail operators, whose expertise in leasing, tenant mix and local markets can play a critical role in property performance. Joint ventures also provide operators with capital to pursue acquisitions, development and redevelopment
