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Apple, Real Estate, Russia, and Carvana

Bloomberg Intelligence

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How to Compete in the Real Estate Market

In most cases, passive investors that just bought the properties. In our case, we have smaller centers. So it'd be local owners, but passive owners versus active owners like we are. It gives us an opportunity. We read a lot about some of the big private equity funds getting into real estate. What's been your experience? Do you run into them at all? If so, how do you compete? They don't compete in our space. That's why we stayed in smaller centers. And that allows us to find the most attractive locations.

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