What we see in retail centers

October 7, 2026 · Ownership

The Retail Apocalypse Skipped the Strip Center

From 2017 to 2020 store closures hit records and mall debt went delinquent, while strip center vacancy kept falling. What the data says about which small centers held value, and a closure-list ratio to run before you buy.

August 13, 2026 · NOI

Your Empty Parking Stalls may be Valuable Land.

On many small strip centers the back row of parking earns nothing. A drive-thru pad on its own parcel can turn it into more value per stall than the shop space it serves, if your leases, easements and lender allow it.

July 29, 2026 · Ownership

Your Deferred Tax Is a Loan. Price It Like One.

A center bought in 2005 for $2.0 million and worth $5.5 million carries a $1.27 million tax bill. That bill is an interest-free loan, and the walk-away yield tells you whether it is still worth keeping.

June 23, 2026 · NOI

The Buyer Isn't Buying Your NOI.

Buyers pay for how long your income lasts and whether it survives diligence. On a small center, 75 basis points of rollover risk can cost as much as losing 10% of NOI, which is why the early renewal beats the raise before a sale.

May 27, 2026 · Asset Management

Credit, Local Operators and the Mix That Holds a Center Together

Two centers the same size and fully leased can be very different assets. How to read your tenant mix for concentration, co-tenancy and exclusive-use risk, when local operators work, and how to choose who gets the next open space.

April 28, 2026 · Asset Management

Your Lender Runs Three Numbers. Two of Them Move.

LTV moves with cap rates. DSCR moves with interest rates. Debt yield moves with nothing but your NOI, which is why it is the number that decides whether a loan written in 2016 refinances cleanly in 2026.

March 24, 2026 · Leasing

The Strip Center Owner's Monthly Scorecard: What You Should Actually Be Watching

The flywheel is the framework, so use it as the scorecard. Five stations, one question each, with a fast signal to check every month and a slower measure that only means something once a year.