Investors Chasing Trophy Malls Turn To JV Deals

Law360, Los Angeles (April 8, 2015, 2:34 PM EDT) -- As loads of capital continue to chase a small number of premier shopping centers, mall-focused real estate investment trusts and others are increasingly partnering with nonbank capital providers like pension funds for joint-venture acquisitions — partnerships that provide real estate companies with access to cash, and capital providers with mall-management expertise.

Although many brick-and-mortar malls are closing amid pressure from online retailers, malls in key areas that have high-quality tenants are continuing to trade at relatively high prices because investors favor such assets over smaller regional...
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