While e-commerce is growing rapidly, well-located necessity based brick-and-mortar sales are also expanding. Centers like Elston Plaza drive consumer traffic by meeting area residents’ daily service and dining needs and have historically been cyclically defensive given the lease structures and merchandizing mix.
DWS Group announced today that RREEF Property Trust, Inc. (NASDAQ: ZRPTAX; ZRPTIX; ZRPTTX), its publicly registered, daily NAV REIT, has acquired Elst