A fully-integrated, self-administered and self-managed real estate company, which focuses primarily on ownership, operation, development and redevelopment of supermarket-anchored community shopping centers and drug store-anchored convenience centers.
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Going to be a tough 2009 for commercial real estate. The hurting has really only just begun in this area, and commercial REITs, especially those with heavy retail exposure, are going to suffer. Long-term I'm a buyer, but short-term I'm a seller.