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Investors are currently sitting on a record $324 billion in dry powder.
A "wait-and-see" approach characterizes most companies' strategies in 2021.
The announcement comes after a highly publicized competition among activist investors.
BentallGreenOak acquired the asset on behalf of an institutional investor.
This sector was outperforming its peer group in pre-pandemic 2020 as investors sought safety in the wake of precipitously declining rent inflow.
This deal is the latest in a string of single-family housing market investments for the private equity giant.
Meanwhile those mid-sized markets that saw rents grow rapidly posted just modest increases.
Simon's SPAC is the latest in a spate of CRE special acquisition companies.
Moody's Analytics REIS predicts that most of the decline in retail rents and increased vacancies will happen this year.
Data from Placer.ai suggest that these struggling brands can reinvent and revamp in a post-pandemic world.