LAS VEGAS—A recent panel discussion at ICSC Las Vegas shed light on overlooked prospects and emerging trends in retail, highlighting the potential of enclosed malls, high-quality mall investments, and single-tenant open-air shopping centers.
Bryant "Bo" Okoroji, Founder and Managing Partner of Steerpoint Capital, emphasized the often underestimated potential of enclosed mall spaces. Despite narratives of decline, Okoroji sees these spaces as bright opportunities, citing their diversified tenant base as a significant value proposition. He pointed out the presence of mispriced risk, making such investments appealing.
Echoing Okoroji's sentiments, Vince Tibone, Managing Director and Head of US Industrial & Mall Research at Green Street, underscored the attractiveness of high-quality malls as investments. Despite concerns stemming from the economic fallout of the pandemic, Tibone noted robust demand levels and a lack of new supply over the past decade, contributing to favorable investment returns. He predicted an increase in high-quality mall trades, with major players like Simon Property Group poised to capitalize on favorable cost-to-capital ratios.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
