Regional malls and lifestyle centers differed dramatically in terms of how well their stocks performed in 2009, with lifestyle centers not doing well while regional malls were strong. This Wall Street Journal article says location and tenant mix account for the gap between the two types of real estate. Also, lifestyle centers do not "have the balance sheet to supplement their business, like the big corporations do," said Grubb & Ellis AGA Mutual Funds portfolio manager Jay Leupp.

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