Landmarks Newsletter - Summer 2018

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Don’t believe everything you read about retail commercial real estate (Retail CRE). If you just looked at the headlines, then you would see that, since reaching a peak of 146.51 on July 25, 2016, the Dow Jones U.S. Retail REIT Index has fallen to 91.62 as of April 25, 2018. You would see that there’s been increased talk of consolidation and elevated M&A activity in the retail REIT world and, as indicated by Brookfield Property Partners L.P.’s recent agreement to purchase of GGP Inc., REITs are being taken private. You would see articles about dozens of retailers declaring or about to declare bankruptcy and predictions that Retail CRE is dead or dying.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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