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Transforming Communities Through Educational Infrastructure | GlobeSt

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6 months ago

May 20, 2024

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Transforming Communities Through Educational Infrastructure | GlobeSt

As retail sellers strive to sweeten deals to stimulate transaction activity, preschool and school tenants will benefit from more favorable terms.

LAS VEGAS—There is a notable shift towards value-added projects in retail today, driven by the need to navigate the current financial terrain. So says Pablo Barreiro, chairman of Fortec, who has focused on enhancing communities and revitalizing neighborhoods. He tells GlobeSt.com that Fortec has embarked on a mission to transform vacant properties into vibrant educational hubs tailored to the needs of communities.

The focus on built-to-suit educational projects is not just a strategic move; it’s a response to an underserved sector yearning for quality educational infrastructure. In today’s market, where fluctuations abound, such value-added initiatives stand resilient, offering both social impact and financial viability, he says.

Barreiro predicts an intriguing trajectory for the property sector in the coming year, especially with interest rates poised to maintain their current stance. In this scenario, he says, investors are likely to gravitate towards projects offering higher returns, seeking to counterbalance the challenges posed by stagnant interest rates.

For Fortec, this presents a unique opportunity, he tells GlobeSt.com. As sellers strive to sweeten deals to stimulate transaction activity, preschool and school tenants under Fortec’s umbrella could stand to benefit from more favorable terms. In addition, he says, with construction costs on a downward trend, the prospects for expansion and growth for these tenants appear increasingly accessible.

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