Life insurers are in the market for retail centers

04/12/2010 | SCT Newswire

Major insurers say they are looking to purchase retail centers this year, with a focus on regional malls and grocery-anchored complexes. "Frankly, we were underweighted in malls going into this cycle, because the commercial-mortgage-backed-securities market pushed insurers out of that space, and this was an opportunity get back in and put some high-quality malls on the books," says Prudential Mortgage Capital President David Twardock.

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