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As mentioned on Shopping Center Business,

"The three managing principals at Irvine, Calif.-based Faris Lee Investments — Shaun Riley, Jeff Conover and Don MacLellan — see retail as the best investment class today. The reason? Strong fundamentals across the board, including low vacancy rates, minimal new construction and strong tenant sales.

The trio live in the same world as the rest of us, where interest rates and economic uncertainty have deterred many, but to them, the fact remains that retail has never been stronger as an asset class.

'People say it’s a bad market. It’s not a bad market,' says MacLellan. 'People are confusing the impact of interest rates on returns with retail as an asset class. Fundamentally, retail as a product type is strong, and investors can achieve higher cap rates than we have seen in years.'"

Read the full article here...

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