Retail Assets in Focus as RCR Expands Portfolio - BusinessWorld Online
RCR said malls now account for 53% of its portfolio and plans more infusions as tenant sales and foot traffic improve.
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Retail resurgence prompts RCR expansion
Retail properties are once again taking center stage for Gokingwei-led RL Commercial REIT Inc. (RCR) as the company ramps up plans to infuse more malls into its portfolio amid a recovery in consumer spending and foot traffic. In a media briefing, the Robinsons Land Corp.-backed real estate investment trust said future asset infusions would “most […]...Keep on reading: Retail resurgence prompts RCR expansion
Retail assets in focus as RCR expands portfolio - BusinessWorld Online
RL COMMERCIAL REIT, Inc. (RCR), the real estate investment trust of Robinsons Land Corp. (RLC), said mall assets are currently a focus for potential future portfolio infusions, citing stronger revenue opportunities from retail properties as consumer traffic continues to improve. “The focus really is on the malls right now. Even from a market perspective, you […]
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