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Shopping, Dining & Entertainment

Discover How REITs Benefit the World of Retail

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What is a REIT?

A REIT or Real Estate Investment Trust is a company that owns, operates or finances income-producing real estate. Established by Congress in 1960 and modeled after mutual funds, REITs provide all Americans the opportunity to invest in large, diversified portfolios of income-producing real estate in the same way they typically would invest in other businesses, buying stock either directly or through mutual funds. REITs help communities grow, thrive and revitalize.


Learn how REITs impact shopping, dining and entertainment.

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Retail REITS

Next time you make a shopping list, there is a good chance you will be heading to a REIT-owned property to purchase what you need.

Retail REIT-owned properties run the gamut of shopping experiences from grocery anchored shopping plazas and outlet centers to local malls and modern shopping/entertainment destinations.

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Retail REIT Ownership

Regional Shopping Malls 639
Community Shopping Centers 3,443
Restaurants 5,671
Retail Facilities 17,013
Choose a shopping option to add:

Grocery Store

Regional Mall

1.

Shopping

Whether you need to pick up a quart of milk for breakfast or want to find the perfect anniversary gift for your spouse, chances are you can find it at a REIT-owned property near you. REIT-owned retail real estate provides consumers convenient access to necessity-based goods and services like groceries and medicines, as well as a range of luxury and discount merchandise.


Consumers average 1.5 trips to the grocery store per week, the most frequent retail destination in the U.S.

Brick vs. Click

More than 93 percent of all retail sales are made by retailers with a brick-and-mortar presence.

Brick-and-mortar retail also provides jobs and generates economic activity in the local communities as well as providing significant support to local charities.

Shopping Facts

Malls and shopping centers often form the center of local communities and serve as gathering places and destination points.
REITs own more than half of all the malls in the U.S., including the majority of the highest-quality malls. Source: Green Street Advisors
As more retailers embrace the omnichannel sales distribution model, the real estate that REITs provide will continue to play a vital role in bringing consumers the goods and services they need.
Choose a dining option to add:

Restaurant

Coffee Shop

2.

Dining

Whether you are looking to grab a quick bite or celebrate an important event, REITs own the real estate occupied by restaurants capable of satisfying any appetite. Dining continues to be an important and evolving category within retail, especially as experience-based options become essential in attracting consumers.


From 2015 to 2016, for the first time in history, Americans spent more money per month at bars and restaurants ($54.9 billion) than they did on groceries ($52.5 billion).

Top 10 restaurant chains

By number of locations
Subway 26,744
McDonald's 14,155
Starbucks 13,172
Dunkin Donuts 8,828
Pizza Hut 7,689
Burger King 7,161
Taco Bell 6,278
Wendy's 5,739
Domino's 5,371
Dairy Queen 4,517
SOURCE

Retail REITS often own the real estate leased to these and other restaurant chains.

Restaurant Facts

29 percent of millennials say they buy brewed coffee at least three times per week, 51 percent go to a bar at least once a week and 54 percent eat out at least three times a week.
The fast-casual industry grew by 550 percent from 1999 to 2014. By 2020, the fast-casual market in the U.S. is expected to reach $66.9 billion, according to the market-research company Technavio.
REITs own nearly 5,700 stand-alone restaurant properties in the U.S. (not counting restaurants and food courts within malls).
Choose an entertainment option to add

Movie Theater

Bowling Alley

3.

Entertainment

Attracting shoppers to a mall, shopping center or other retail outlet is not as easy as it once was when bricks-and-mortar retailers were the only game in town. However, entertainment and experience-based retailers are occupying more space than ever before and providing something that consumers cannot get online.


Retail REITs are on top of changing consumer trends and providing the necessary real estate to entertain any audience.
Experiences can be wide-ranging:
Personal services such as nail and beauty salons.
Health and fitness facilities such as yoga, massage and meditation studios and traditional gyms.
Bowling, golf and other sport-themed activity
Cinemas and theaters
Art galleries and stores
Amusement parks, water parks, ski resorts and other destination-based activities.

Entertainment Facts

While e-commerce continues to be a growing part of the retail landscape, mall and shopping center REITs are offering more experiential-based options to attract customers to their brick-and-mortar locations.
Many retailers, recognizing the need to offer hands-on, authentic experiences that will draw shoppers into their stores are adapting their store formats in order to do so.
REITs own more than 1,000 entertainment-based properties in the U.S. (including amusement parks, movie theaters, health clubs, ski resorts, golf centers and more).
Choose a mixed-use option to add:

Apartments

Offices

4.

Mixed-Use

Retail REITs are increasingly involved in large, mixed-use development projects. Mixed-use real estate projects typically involve the planned integration of two or more property types including retail, office, residential, hotel or leisure. The projects embody the real estate concept of a live-work-play environment.

Mixed-Use Case Studies

Taubman Centers’ City Creek Center transformed downtown Salt Lake City and helped realize the vision of community leaders. City Creek Center Case Study
Forest City Realty Trust turned an expanse of decaying industrial facilities in southeast Washington, D.C. into The Yards, a thriving mixed-use project that has helped revitalize that area of the nation’s capital. The Yards Case Study
Cedar Realty Trust is combining two existing shopping centers to form a new mixed-used hub in Philadelphia at South Quarter Crossing. South Quarter Crossing Case Study