In what could be the largest single shopping center portfolio offer in history, CalPERS is selling 92 properties with a value of $2.8 billion.
"The portfolio includes 12.7 million sq. ft. of shopping center space that is scattered throughout the U.S.
...While the pension fund will consider bids for the whole portfolio, sources believe that it will ultimately be sold to multiple buyers. Pension funds, REITs, foreign investors and private investors are expected to bid on the properties, most of which are located in the mid-Atlantic region."
Thanks to NREI Newsline
FULL STORY: Giant Retail Portfolio On The Market
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