Many experts have written about the Great Mall-pocalypse of 2017. The theory focuses on the ‘death of retail’ that claims that the United State retail business will be transformed from brick and mortar retail outlets to online retail business. The transformation will see the composition of traffic in the United States greatly change from personal cars to UPS freight vans. The UPS vans should be seen crisscrossing every available road, as they try to deliver goods to consumers in each corner of the United States.
However, this prediction will not be realized any time soon. Notably, big money is moving into the retail mall industry. This shows the strong investor confidence in the sector and an indication that the brick & mortar retail outlets will continue to operate as going concerns. One of the recent big monies that have moved into the industry is Brookfield Property Partners LP. The investment company offered $14.8 billion for the mall. According to the deal, the company estimates that the value of each of the company’s shares would be $23. The deal will see Brookfield Property Partners increase its ownership of the mall from 33 percent to 100 percent. Following the offer, the share prices of the company has soared by over 18 percent in just five trading sessions.
Brookfield’s investment is not driven by traffic, as the number of people shopping from the malls has reduced. This is because retail assets drive their investments. The mall’s real-estate assets have continued to gain in value despite of the dwindling retail business. According to Brookfield, these assets can be used to open new revenue generation streams.
Another firm with key interest on malls is Miller Value Partners. Recently, the investment company acquired two mall-based REITs. The acquisitions have seen CBL Properties and Washington Prime Group join the company. Bill Miller, an infamous mutual fund manager, is the founder of the company. Warren Buffet is also increasing his stakes in the retail mall industry through Berkshire Hathaway. Recently, the company bought stakes in Seritage Growth Properties. It is also involved in the redevelopment of the dead Sears store outlets.
Jeff Yastine is an editorial director at. He is also the editor of Total Wealth Insider, a magazine published by Banyan Hill Publishing. Jeff joined the company in 2015 after years of working as a financial journalist. In addition, he has two decades of experience in stock market investing. In 2002, the journalist won the New York Society of Certified Public Accountants’ Excellence in Financial Journalism Award.
Ted Bauman is a professional hedge fund manager who currently works as an editor of the Banyan Hill Publishing. He was born in the United States on the Eastern shore of Maryland. After completing his high school education, Ted traveled to South Africa to pursue his passion in economics. Bauman qualified to join the University of Cape Town where he had his university education. The hedge fund manager later graduated from the institution with several degrees. He prides himself on holding doctoral degrees in economics and history. Ted Bauman started working in South Africa where he spent over two decades working as a hedge fund manager as well as an editor.
The editor’s knowledge and skills enabled him to work with several organizations in Africa, where he acquired his expertise in managing funds. His resilience towards success saw him rise through the ranks to become an executive of multiple non-profit organizations. Ted Bauman primarily dealt with establishments, which focused on curbing housing shortages through the construction of new homes for low-income earners. He was often contracted by several non-profit organizations, to offer advisory services on their projects. The hedge fund manager was privileged to work with the World Bank, the South African Government, the United Nations, and European agencies that participated in charitable activities.
Ted Bauman’s passion for assisting communities enabled him to establish Slum Dwellers International through a partnership with other personalities. The organization grew up from a local establishment in South Africa to a renowned association across thirty nations in the universe. Slum Dwellers International currently supports millions of people living in slums through donations. The hedge fund manager later relocated to the United States after working in South Africa for twenty-five years. His experience in the corporate sector enabled him to be absorbed by the Habitat for Humanity International. Ted Bauman pursued his career in the organization from 2008 until his departure five years later. He began working as an editor and a researcher since his resignation.
Bauman features on several publications, where he offers financial advice to his subscribers. He is an influential figure who guides individuals on how to acquire wealth. As an editor, he is associated with Banyan Hill Publication where he contributes on several topics on a segment of the Sovereign Investor Daily. Ted Bauman recently pointed out that Bitcoin is a scam since it does not allow people to transact. He views the cryptocurrency as a decentralized system methodology that makes people earn without doing anything.