Connect With Us


Retail REIT Execs Remain Upbeat

Some of the largest U.S. shopping center owners and operators remain largely unconcerned that the ongoing credit crisis and consumer-spending slowdown will lead to plummeting occupancy rates and slumping values for their properties.

Rather, several top executives participating in a panel discussion on Wednesday at a Wachovia Corp. investor conference in New York said their real estate investment trusts have portfolios large and diverse enough to withstand the market turbulence. Some noted that U.S. retailers, while nervous about this holiday season's results, still haven't signaled a major pullback in their expansion plans.

"It's a little hard for me to get too nervous when we talk about a maybe ever-so-slight downturn in the economy that could be a mild recession, might be a soft landing, but we don't know," said Andrew Alexander, chief executive officer of Weingarten Realty Investors, a shopping-center REIT based in Houston. "Our business is extremely recession-resistant. When you look at what's happened to all of our stock prices, it's a heck of an opportunity (considering) the stability of all of our platforms."

Full story.

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.


Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×