Despite what you might hear, the recovering economy won’t raise all boats equally. Not retail, at least, which should continue on its roller-coaster ride, with old and trusted retail names plummeting fast as brash, innovative concepts attain new heights. At any rate, that’s how Adam Ifshin sees the next few months shaking out. Ifshin is principal at DLC Management Corp., a Tarrytown, NY-based shopping center investor, developer and owner whose 6.5-million-sf portfolio consists of 32 properties in 17 states. The bulk of that space is what Ifshin describes as open-air, although there is a 465,000-sf class B regional mall the firm holds in Boise, ID. Retail investment these days is clearly not for the faint of heart, and Ifshin says that to stave of agita, DLC is not tied to a hold strategy, a decision that keeps the firm uncharacteristically agile in the face of changing retail trends. In a recent GlobeSt.com interview, he explained how the strategy is working thus far.

GlobeSt.com: Why such a tight focus on what you call “open air” retail?

Ifshin: When we started in 1991, they were the easiest assets to finance.

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