Lane Kawaoka

Commercial Shopping Center Investing w/ Michael Flight (EP156)

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Synopsis

Isn't Amazon going to kill Shopping Centers?  Michael Flight has an extensive background in commercial real estate investing and is principal of Concordia Realty. Concordia Realty specializes in shopping plazas and retail properties. They prefer to purchase operational commercial projects with existing income. They concentrate on strip shopping centers and they occasionally renovate or restructure existing commercial properties. They have over a million square feet of retail space located in the Illinois, Indiana, and Michigan markets. Increasingly they are interested in Ohio and Wisconsin. They continually look for good opportunities and are working to expand into new areas. Michael became involved in real estate shortly after college where he worked as a broker and then began working with a syndicator that owned shopping malls. In 1990, he started out on his own by founding Concordia. Take us back to Pre-1990, how did you get into Real Estate Investing? What does Value add mean in shoppin