Many large portfolios were also changing hands, with CBL & Associates, General Growth, Macerich and The Mills Corp. active buyers of large malls, and Pan Pacific Retail, JBN Realty and Regency Realty leading the way in
strip center acquisitions.
It typically leverages its
acquisitions about 70 percent, meaning it's total cash contribution to the deal is in the $ 120 million range — a relatively small play for largest
strip center owner in the country.