Prudent Growth Partners, LLC  (2017)    1829 E. Franklin St, Suite 800-F, Chapel Hill, NC 27514  (919) 590-4119

Good little article on Christiana Mall adding 11 new stores this year.  Underscores the strength of the local economy in Delaware - the mall is one of the best performers in the nation.

 

From the article:  

 

Christiana Mall  announced the  renovation of several existing...

This is an article aimed at smaller owner/operators, but the takeaway is clear:  there is good value in the smaller properties.  At PGP, we agree and are pursuing deals that are in the $1,000,000 to $5,000,000 range, and then we are packaging them and presenting them t...

Many of our investments are in the greater Wilmington Delaware area.  We like this area for many reasons:  we have a great property manager there (Pabian Properties), we have a fantastic real estate consultant (Location Realty Advisors), and we feel like there is great...

Just saw this article on vacancies - wow.  This will support the multi family marketplace for quite a long time.  And, if the Fed raises more quickly, that will only exacerbate the problem by reducing construction lending and thereby decreasing supply coming online.  S...

Commercial real estate volumes are back, and note the last paragraph of the article - strong activity in the office space with average cap rates around 7.00% - and it certainly looks like rotation out of multi family and into other asset classes (office and retail), wh...

Good piece in the News Journal on Regus' opening of a second location in New Castle County, Delaware.  The real story is the strength in the office market in New Castle County.  We are watching this area closely and looking for more opportunities to get into good offic...

The A&P bankruptcy news turns out to be a bit of a mixed bag:  it will be difficult for those in second tier markets, but for many retail center owners, it provides an opportunity for a fresh lease with a higher paying tenant.

 

From the Shopping Centers Today article:

 

L...

Great article in Bloomberg on the impact of retiring baby boomers on rental demand.  We are all familiar with the millenial story:  kids coming out of college in debt and who value the ability to move for life or work are going to favor renting over owning.  But now we...

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