YPSILANTI, MINamdar Realty Group has just completed the acquisition of the Gault Village Marketplace shopping center in Ypsilanti, MI, about 30 miles southwest of Detroit. The Great Neck, NY-based investment and management firm is currently on a shopping spree due to the recent increase in interest rates, which benefits all-cash buyers like Namdar, and looking at a number of similar properties across the US.

Joel J. Gorjian, vice president of acquisitions and dispositions, and Namdar focus on acquisitions in the secondary and tertiary markets, because retail properties in these locations face less competition from other retailers and shopping centers. “This strategy benefits both the properties we own and operate, and our retail tenants, who also face less competition,” Gorjian tells GlobeSt.com. “By operating properties in less saturated markets, it is easier for us to develop and maintain customer loyalty.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.