No matter the pandemic's effects on consumer shopping, there's hardly been a better time to invest in essential retail, says CenterSquare Investment Management Senior Vice President Robert Holuba.
His company, along with Arch Street Capital Advisors, acting on behalf of a capital partner, today announced a joint venture targeting investments in high-end service properties in the Sunbelt region of the US.
Service properties is a niche sector of retail that comprises institutional quality, multi-tenant shopping centers leased to businesses whose customers must visit the store to consume the service. It has been given a lot of attention by investors and consumers since COVID-19 began redefining in-person shopping about a year ago.
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