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Lamar Partnering Co. has filed with the SEC for an IPO of $300 million, or up to $345 million.
The new fund's "flexible mandate" will make it easier to acquire assets that are not strictly categorized as distress.
With historically low interest rates, that competition for essential retail only increased.
Experts predict fewer bankruptcies on the whole this year, though retail reorganizations are likely to continue.
They are becoming popular in Asia and could well become an option for office-using companies in the US.
The new F&B spaces could feature more informal seating with former conference rooms converted into grab-and-go lunchrooms.
During the afternoon snack period, visits increased by 5% in January and 3% in February compared to the same months a year ago.
Eight percent of hotel sales involved a distressed asset between March of 2020 and February of 2021.
The company just acquired the assets of a game center in Vancouver, Wash., signing a percentage rent lease.
The Sunbelt states have shown resilience across multiple assets classes during the pandemic, including the beleaguered office category.