Retail Real Estate: Risks, Rewards, & New Opportunities, ep. 401

REady2Scale - Real Estate Investing

What’s the difference between developing new retail properties and managing existing ones? And what’s the state of the retail market today? These are just a few of the questions we explore in this episode of the REady2Scale podcast with special guest Garrett Bedrin, a third-generation real estate sponsor/operator. Garrett shares valuable insights from his experiences managing a vast portfolio that includes shopping centers and mixed-use developments. This episode covers crucial aspects of retail, including its resurgence, the risks of development, and strategies for long-term success.

Key Takeaways:

-Retail’s Comeback: Learn why the retail sector is thriving post-COVID and how the demand for social experiences is reshaping shopping centers.

-Development vs. Existing Assets: Understand the key differences in risk, returns, and strategies when developing new retail properties versus acquiring existing assets.

-Entitlement Risk in Development: Discover how delays in local approvals and unforeseen issues with the land can significantly impact retail development projects.

-Anchor Tenants and Financing: Explore why securing a major tenant like a grocery store is essential for obtaining project financing, but not necessarily a source of significant profit.

-Navigating the Unknowns of Development: Hear real-world examples of the unexpected challenges that can arise during a retail development project, from environmental issues to community pushback.

-Retail Evolution: Learn how retail properties are shifting to focus on experiences, including wellness centers, entertainment venues, and unique social spaces, as traditional department stores decline.

This episode offers invaluable lessons for anyone interested in retail real estate investment, development, or simply understanding the changing dynamics of the sector.

Are you REady2Scale Your Multifamily Investments?

Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.

To reach Ellie & the Blue Lake team, email them at [e-mail] or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you.

Where to Contact Garrett Bedrin:

Interested in learning more from Garrett or discussing potential opportunities? You can reach him through the following channels:

Instagram: @GarrettGram for personal updates and insights.

LinkedIn: Connect with Garrett on LinkedIn to discuss real estate, retail trends, or any other business inquiries. Just search for Garrett Bedrin on LinkedIn.

Timestamps

00:00 Introduction and Guest Welcome

01:46 The State of Retail: Past, Present, and Future

05:04 Development vs. Standing Assets: Risks and Rewards

22:26 The Essence of Real Estate and Inspirational Speaking

23:19 Future Market Potential and Investment Strategies

32:46 Retail Evolution and Personal Insights

Credits

Producer: Blue Lake Capital

Strategist: Syed Mahmood

Editor: Emma Walker

Opening music: Pomplamoose

#investing

#retail

Learn more about your ad choices. Visit megaphone.fm/adchoices