Mid-America Executes Sale of High Point Centre in Lombard
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Mid-America Real Estate Corporation’s Investment Sales Group has arranged the sale of High Point Centre, a 240,345-square-foot community center with significant value-add upside in Lombard, Illinois, positioned in the…
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