Good Retail Times Or Troubled, It’s All A Matter Of Attitude
OAK BROOK, IL–Maybe it’s experience. Maybe it’s a natural optimism. Maybe it’s both. But Inland’s Joe Cosenza doesn’t flinch in up times or (the inevitable) down times.
May 12, 2017 | by JOHN SALUSTRI | GlobeSt.com
OAK BROOK, IL–Joe Cosenza loves an upmarket. The president of Inland Real Estate Acquisitions and vice chairman of the Inland Real Estate Group says that both retail and multifamily sectors flourish in the sun of a robust economy. And when the tide turns. Well, it seems Cosenza loves that too.
In bad times: “Get out of my way and let me buy retail at the lower prices. That’s why I love all the negative news on retail.”
Is that the voice of experience? Is it a native optimism? Or does the firm he helms simply know how to buy properties? “Here’s a fact,” he explains. “Over the past two years, my staff and I underwrote 2,647 retail properties. We made offers on only 436 of them and we bought only 75.”
The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.