News

December 4, 2017

Why Malls Should Add Residential To Their Repurposing Plans

FORBES – The retail apocalypse has not been kind to malls. Credit Suisse recently studied the state of mall-based retail and predicted that that about one-fourth of the nation’s 1,100 shopping malls — or roughly 220 to 275 shopping centers — will close by 2022. This is largely credited to the shift toward online shopping, which the bank predicts to capture upwards of 35% of consumers’ spend by 2030 and the resulting raft of brick-and-mortar store closures, that will reach 8,600 this year and more are expected to follow next year.

The full article by Pamela Danziger featuring Jay Rollins, President and CEO of JCR Capital, can be read here.

Disclaimer: This article was prepared by an unaffiliated third party and not pre-approved by JCR Capital, and we have not independently verified any claims made herein. Any opinions are attributable to the author and not to JCR Capital. We have reviewed the article for material misstatements and there are none to disclaim. Nothing herein is an offer to sell any security, including an interest in any JCR Capital private fund, which can only take place after JCR Capital provides a prospective investor with an offering documents package and relevant brochures.