A "wait-and-see" approach characterizes most companies' strategies in 2021.

The announcement comes after a highly publicized competition among activist investors.

BentallGreenOak acquired the asset on behalf of an institutional investor.

This sector was outperforming its peer group in pre-pandemic 2020 as investors sought safety in the wake of precipitously declining rent inflow.

This deal is the latest in a string of single-family housing market investments for the private equity giant.

Meanwhile those mid-sized markets that saw rents grow rapidly posted just modest increases.

Simon's SPAC is the latest in a spate of CRE special acquisition companies.

Moody's Analytics REIS predicts that most of the decline in retail rents and increased vacancies will happen this year.