CHICAGO-Marc Imrem with Baum Realty Group, based here, says he’s working with three groups that seek to acquire about $250 million total in properties, mostly retail, in relation to the hunger of investment capital now sitting on the sidelines. Of course, his buyers are usually looking at the two common options today, core or distress, though Imrem says a third middle option is opening up.
The groups include private investors and a large family fund based in the Southeast, Imrem says. One of the investors, based locally, bought four properties in the third quarter, including a Logan’s Roadhouse in Texas, a Chili’s in Kansas City and a Mimi’s Caf
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