Retail REITs are catching a break via seemingly counter-intuitive circumstances. According to the Financial Post, Canadian REITs such as RioCan, SmartCentres and Choice Properties are launching residential developments with retail components, despite what seems like a hostile environment– namely, interest rates poised to climb and rising mortgage costs. But the former is actually helping retail REITs looking to take a left turn into resi development, according to Canaccord Genuity analyst Mark Rothschild. “If they raise rates, […]
source https://therealdeal.com/2018/06/16/why-canadian-retail-reits-are-hitting-the-jackpot/
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