Matt Mason of Conway MacKenzie – Store Closures, Distressed Retail Real Estate, and Receiverships

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On today’s episode, Phil is joined by Matthew (Matt) Mason, a Managing Director at Conway MacKenzie, to talk store closures in 2019, challenges in retail real estate, and receiverships.  Matt leads the Conway MacKenzie real estate vertical, has been a Court Appointed Receiver for over 200 properties, managed over 31.5 million square feet, and over $1 billion portfolio of retail, office, and industrial properties.   With that experience, Matt provides strategic insight to large distressed retail and office assets for borrowers and lenders.  Matt and Phil discuss current challenges in the commercial retail market, the headwinds of massive store closures in 2019, why those challenges are taking place and how to navigate them.  Matt explains lessons learned from the 2008 crash, what is different about the current challenges in the market, and how to move forward.  He goes on to discuss that many retailers are either struggling or gaining success, with very few in-between.  Some discount retailers such as Target have gained success post market-crash, because they are now appealing to a market of buyers by producing a better quality discounted product.  Phil and Matt go on to discuss that on the flip side, consumers are now buying products largely online, a method of consumerism that is greatly affecting the commercial retail market, leading to more disruption, store closures, and more experience driven retail.

Find out more about Matt and Conway MacKenzie here.

Check out the referenced article written on this topic by Matt and his colleague Lauren Leech.

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 32 – Multi-Family Mania - Lee Kiser of Kiser Group

Phil welcomes Kiser Group founder, principal and managing broker Lee Kiser to the podcast. The multi-family market has been one of the most sought after asset classes for investment over the past few years as the retail market has struggled.  Kiser Group, Chicago’s leading mid-market multifamily brokerage firm, has a reputation for innovative service. They assist private investors and property owners with the sale or purchase of both stabilized and value-add multi-family properties. Using proprietary market data, Kiser Group provides extensive, in-depth knowledge of Chicago’s neighborhoods and surrounding suburbs, maximizing value on behalf of their clients.

Lee and Phil discuss Lee’s company, its roots, and big picture business strategies.   Lee is renowned in the Chicago real estate industry, and is one of the premier multi-family strategists.  Phil and Lee discuss Kiser’s narrow focus and their philosophy of proactive marketing strategies customized for each individual property and client. The result has been strong relationships with prominent local, regional, and national multi-family buyers, sellers and financial institutions.

Found out more about Kiser Group here:  http://kisergroup.com/

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DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.