Why Invest in Shopping Centers?
Time is the most precious commodity for today’s consumer. As a result, Americans depend on the local shopping centers that make it convenient to take care of every day needs such as groceries, home improvements, hair, nails, health care and more.
These needs are served by 109,000 local shopping centers across the U.S. “Necessity-based” retail is always evolving, but it is more Internet-resistant than other retail sectors. Only a small fraction of shopping centers are in the hands of large owners; the majority are privately owned. The result is a highly fragmented market that is inefficient by nature. For the retail experts at Broad Reach, this creates great opportunity.