Asset Types to Watch in Secondary and Tertiary Markets

Posner Commons, a 630,000 square foot regional shopping center in Davenport, FL.posn

ORLANDO—Some asset types seem to perform better than others in secondary and tertiary markets. Time Equities is actively acquiring retail properties, suburban office spaces and select industrial assets. Francis Greenburger, CEO and founder of Time Equities, tells GlobeSt.com properties that present long-term potential and strong cash flow fundamentals are often most attractive as investment opportunities.

“We have a well-occupied regional mall in Utah under contract for $70 million at a 9.5%-plus in-place cap rate,” he says. “We are also buying a 50% occupied suburban A-quality office building for $60 per square foot in New Jersey at 8.5%-plus cap rate on existing occupancy.”