Cafaro seeks to expand portfolio through acquisition
Youngstown, Ohio -- Cafaro Co. has announced it is actively seeking to expand its portfolio of enclosed malls.
According to the company, each potential acquisition property must demonstrate historic, stabilized net operating income and minimum sales of $300 per sq. ft. Cafaro said is interested in malls with a minimum gross leasable area of 600,000 sq. ft. in trade areas of 200,000 – 450,000 residents.
Cafaro currently owns and oversees more than 30 million sq. ft. of commercial real estate in 11 states.