Mar 15, 2016 | Bendix Anderson | National Real Estate Investor
Today everyone wants to create new apartments in lively neighborhoods, where residents will live a short walk from shops, restaurants and other services.
“In urban and semi-urban locations all the cities want to have retail on the street front,” says Ron Witten, founder of Witten Advisors, an apartment market strategy firm. Local zoning officials—who often decide whether or not apartment developers can build their projects—encourage developers to include retail space in their new buildings.
But retail space needs a large pool of potential shoppers to survive. For first floor shops, that often requires a busy neighborhood with other shops nearby. The challenge for apartment project developers is that they are often directed by local officials to build retail spaces long before lively retail neighborhoods exist around their properties. Flexible retail spaces can evolve over time as the neighborhood changes.Go Back
“Always, but especially in this day of lawsuits and ever increasing regulations, the responsibility for a financial advisor t do their own due diligence on products they sell falls squarely on themselves. No one is going to take greater interest in protecting their practice than they are. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. Finally, complete transparency is available for advisors using nontraded REITs. Every advisor using REITs in their practice should make the small annual investment of subscribing to Blue Vault’s reporting services.”