Real Estate

Apartment Investors Mull Opportunity In Distressed Malls | National Real Estate Investor

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Developers have proposed to redevelop more than a hundred malls into mixed-used properties with apartments. : Apartment dealmakers may find an opportunity to build new apartments around the shells of under-performing or empty regional malls. Hundreds of troubled shopping malls may be seized by lenders over the next year, experts say. “In the current market with the pandemic, the number of properties considering this kind of redevelopment has multiplied three or four-fold,” says Brian McAuliffe, president of CBRE Capital Markets and leader of the firm’s multifamily sales business, working in the firms Chicago office.

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