"Expanding the number of our properties is the focal point toour growth strategy," says Ifshin, who has already signed on tospend $120 million for five shopping centers that will close by thesecond quarter of this year. The firm's construction team also isplanning to redevelop at least three projects totaling 1 million sfthis year and has secured more than $100 million to build at leastthree other ground-up retail centers and standalone stores.
DLC's basic strategy is simple. The 15-year-old Tarrytown, NYfirm focuses on strategically located, value-added,grocery-anchored neighborhood and community shopping centers thatgenerate strong repeat consumer traffic and good returns, Ifshinsays.
"The issue isn't how big you are in my mind, but in how manyreturns you generate from the assets you acquire," he explains.
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