CHICAGO-Marc Imrem with Baum Realty Group, based here, says he’sworking with three groups that seek to acquire about $250 milliontotal in properties, mostly retail, in relation to the hunger ofinvestment capital now sitting on the sidelines. Of course, hisbuyers are usually looking at the two common options today, core ordistress, though Imrem says a third middle option is openingup.
The groups include private investors and a large family fundbased in the Southeast, Imrem says. One of the investors, basedlocally, bought four properties in the third quarter, including aLogan’s Roadhouse in Texas, a Chili’s in Kansas City and a Mimi’sCaf
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