A joint study by PricewaterhouseCoopers and the Urban Land Institute was posted today in LoopNet’s most recent edition of LoopNews:
Now is a great time for owners of highly-coveted grocery-anchored neighborhood retail centers, as well as multifamily properties, to put their properties on the market, according to a joint study by Peter F. Korpacz of PricewaterhouseCoopers and Dean Schwanke of the Urban Land Institute. Grocery-anchored shopping centers are expected to provide the highest return with the least amount of risk among 10 asset classes tracked. “They sell quickly, and they sell at low [capitalization] rates,” Korpacz notes. “This is a good time to sell. They’re too pricey, and Wal-Mart is becoming too huge.”
With area investor companies in abundance, such as Tampa’s Capital Realty Investors, who buy low-capitalization properties to turn them into high-cap producing properties, this trend will likely continue throughout Tampa Bay.