NOT WHAT IT SEEMS

There has been no shortage of news on the impact of the pandemic on enclosed retail real estate assets. An example of how one group of asset managers are dealing with the decline in retail sales comes from Oxford Properties. They have combined the need for affordable housing and given life to enclosed retail into one compelling offering. Oxford properties is in the process of making major change to some of its retail properties by building high density rental apartments on site within their retail malls. The tenants gain affordable housing and the lure of convenience is expected to translate into higher retail sales for the malls retail tenants. What is not widely known is that this plan has been in the works in some form since the pandemic began. This is one example of how seasoned smart real estate asset managers have pivoted to the new reality we live in. #recg #retail #oxfordproperties #yorkdalemall #commercialvaluations #pandemic #pivot #assetmanagers #affordablehousing