|
"Re: Tough day for mall REITs after J.C. Penney store closure plan
Ironic how this little bit of history in the making works out...
Amazon aggressive and predatory operations causes many retailers to pull back and still face being put out of business. REITs
suffer the falloff . Rents in malls fall. Amazon now having to get
some real locations expands via the cheap rents they created. The pain
and suffering written off as a smart business ploy.
Strip centers
and malls sit on some very valuable property. Usually close or on
major traffic lines in the middle of high density populations . They
have all the parking space that other properties would kill for. Just
about any other type of real estate could use the location. Could even
expand multiuser plans ... remodeling to have office space, apartments,
etc built up and over the retailing shops. .. or use some of the vast
parking areas to do this.
Considering the rewards and greater
cash flow, the remodeling expense would be worthwhile. Amazon might just
pushed the industry into a more profitable arena.
I do not own
any mall reits. KIM is the biggest strip owner but their operations are
different from malls... Been a while since I look at KIM but this was
the case couple of years ago. They are getting sold off by being missed
labeled.
***PinewoodsBear*** " like what wal mart did to small retailers in small towns. sooner or later amazon by its own success will precipitate a re-visiting of the idea of taxing online sales in general
|
|