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Converting these malls to fulfillment centers, apartment complexes, schools or medical offices could reduce their property values anywhere from 60% to 90%.
For every $1 invested in community-wide and building level adaptation, the region will see about $2 and $4 in benefits, respectively, the report finds.
When the value-add market stalled in March, Excelsa pivoted to core/core-plus opportunities, first with Aspen at Mercer Crossing, and is now working hard to secure a second Dallas asset.
One Steuart Lane's proximity to nature, and various new post-COVID 19 design and safety measures are resonating with buyers and keeping them invested in the city.