IRVINE, CA—Recently, GlobeSt.com spoke with Rick Chichester,president and CEO of Faris Lee Investments, aboutthe trends he's seeing in retail real estateinvestment and where he thinks the smart money isgoing. Here, he updates us on buyers' motivations for retailproperty investment and his thoughts on whynet-lease investment from non-traditional buyersis accelerating.
GlobeSt.com: What would you say are buyers' greatestmotivations for retail property investment thesedays?
Chichester: Retail isnot a segment that everybody wants to invest in, but they like thatit is the pulse of the economy. It's the most predictable indicatorof the economy. In terms of tenants, you can adjust your riskrelative to the type of tenants in retail properties. For example,necessity-based retailers like grocery stores arepopular even during a recession because you still need food. Youcan manage your downside risk by having tenants withnecessity-based items.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
