On a select basis, Steiner + Associates purchases properties or joint ventures with partners in the development or re-development of regional town centers.   Steiner takes a long-term approach when considering its investments.  Properties must be solid locations, ready for repositioning or development, where the real estate fundamentals are strong with a combination of location, access, and trade area.

Land Criteria 

• Located in a growing, top 100 metropolitan market with a density of more than 250,000 people within the immediate trade area
• Size of land 60+ acres
• Strong regional highway access
• Strong local government support
• Absence of dominant regional retail competition

 Existing Regional Mall Criteria

•  Located within a growing MSA of more than 600,000 people with density of more than 250,000 people within the immediate trade area
• Size of land/asset 60+ acres
• Strong regional highway access
• Strong local government support
• Some current cash flow in-place (debt might need to be restructured, current cash flow might not be stabile)
• No major design flaws and preferably one-level centers
• Need for major repositioning or redevelopment acceptable
• Absence of dominant regional retail competition

Steiner’s strength lies in its ability to source opportunities for land and existing, underperforming regional malls.  Based on reputation and innovation, Steiner enjoys strong relationships with the major department stores (Nordstrom, Von Maur, Macy's, Dillard's, and JC Penney) and municipalities across the country. It is through these relationships and because of its proven track record with lenders, specialty retailers, and restaurants that Steiner has sourced strong opportunities to develop or redevelop underperforming regional malls.