Next News

When Bad Things Happen to Good Properties

In our last newsletter, we shared the storyline “When Bad Things Happen to Good Properties”. The story’s premise was that regardless of the level of due diligence completed, over time unexpected or unplanned property-related events can occur, even at good properties. In today’s retail environment, unplanned events include store closings and tenant bankruptcies. In this • Read More »

Building Relationships at ICSC Chicago

Next Realty has been an active participant in the International Council of Shopping Centers (ICSC) events since the real estate company was launched in 1998. ICSC’s main event is a three-day convention in Las Vegas each spring. ICSC also holds conventions throughout the year in primary markets like Chicago, New York, and Miami. ICSC Chicago • Read More »

Next Realty Refines Acquisition Strategy

Next Realty has countered a dramatically transformed retail landscape—including the extraordinary growth of e-commerce, a shakeout of big box retailers, and an ongoing evolution of brick and mortar retail —with a refinement of the central strategy that has guided the firm since 1998. For 20 years, Next Realty has been known as an investment and • Read More »

Next Realty Makes Acquisitions and Improvements

Since the beginning of the year, Next Realty and its affiliates completed three acquisitions:  a six-building, multi-tenant office complex in Arlington Heights and two parking facilities, one in Washington, D.C. and another in St. Paul, MN. The transactions further underscore the Next Value-Keep® strategy by acquiring diverse assets across various property sectors. Arlington Executive Plaza • Read More »

Meet One of our Nextperts®

Branko Kuzmanovic is the Director of Acquisitions for Next Realty. In that role he is responsible for underwriting new acquisition opportunities and conducting due diligence. He joined the firm in October 2017. Before he joined Next Realty, Branko worked at Home Partners of America, a privately-held real estate investment trust. While there he worked on • Read More »

When Bad Things Happen to Good Properties

To restate a favorite quote from Howard Marks’ book, The Most Important Thing, “Investment success doesn’t come from buying good things, but rather from buying things well.” To that end, Hochberg’s view on investing, in retail properties as well as in other asset classes, is to avoid problem properties. The great challenge, however, is that • Read More »