How Our Regained Mobility is Bringing Opportunity Back to Retail

by Shawna Wright-Smith

Open for Investment

Coming Soon: The Knox - NYC Multifamily is a Multifamily real estate investment opportunity offered on the CrowdStreet Marketplace

Acquired at a 15% discount to its previous transaction price, the Murray Hill property offers a compelling value-add opportunity. Uniquely exempt from NYC rent regulation laws, the ongoing unit renovations Haim to capture potential rent premiums.

Multifamily Value-Add

In our June 2021 livestream, Chief Investment Officer, Ian Formigle explained the surprising upside we’re now seeing in retail real estate throughout the rest of 2021. Occupancy rates held up better than anticipated and as we regain our mobility, more and more shopping centers are opening up, leading to a rebound in sales for this asset class. We still like the long-term prospect of grocery-anchored retail centers and believe that as more fitness centers, salons, and restaurants come back to full capacity it presents more opportunities for investors into 2022 and beyond.

Learn more about our outlook for retail in our CRE Market Outlook.

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