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How to Buy a Shopping Center: An Investor’s Handbook

A repeatable framework for buying a shopping center: define your buy box, source and screen fast, rebuild “real” NOI, model TI/LC and rollover risk, then run retail-specific due diligence-leases (kick-outs, exclusives, co-tenancy), CAM reconciliations, physical/Phase I, title/survey/REA, and zoning. Covers financing terms (DSCR/LTV, reserves, recourse), closing items (estoppels, SNDAs), and post-close execution.

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