Because they trade at higher cap rates and are viewed as recession-resistant, net lease investors are picking up more early childhood education properties.
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Investors in the sector have been more reluctant to close deals as the cost of capital rises. But given a strong outlook for income growth, many acquisitions are still going through.
Macy’s has converted about 1 million sq. ft. of space at 35 stores into fulfillment operations, reports Retail Dive. Global direct investment in CRE fell on a quarterly basis for the first time since the onset of the pandemic, according to JLL. These are among today’s must reads from around the commercial real estate industry.
