Get our 43-Page Guide to Real Estate Investing Today!
Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.
Operationally, however, we saw a marked improvement in the third quarter over the prior three months and cash collections are once again nearing normal levels…we are beginning to see not only sales approaching normalized levels, but even outperformance in certain markets. Customer traffic at our retail centers continues to increase, returning to 65%-70% of normal in the third quarter. Tenant sales have similarly recovered and in certain segments are experiencing stronger sales versus this time last year.
Strong performance is not isolated to luxury, however, as sales for retailers with broad appeal including Pandora (OTCMKTS: PANDY) and American Eagle Outfitters (NYSE: AEO) are likewise growing. Sales at large-format box retail stores are also up 14% year-over-year, a testament to the strong, evolving one-channel capabilities of retailers in this category. And the back-to-school shopping season produced year-over-year sales growth in several additional categories including children's and teen apparel, athletic shoes, and sporting goods.
Got $1,000? The 10 Top Investments We’d Make Right Now
Our team of analysts agrees. These 10 real estate plays are the best ways to invest in real estate right now. By signing up to be a member of Real Estate Winners, you’ll get access to our 10 best ideas and new investment ideas every month. Find out how you can get started with Real Estate Winners by clicking here.