Technological disruption affecting retail spaces, with increased online shopping reducing demand for physical stores.
Regulatory changes that could impose stricter building codes or zoning restrictions.
Increased competition from other REITs and private equity firms targeting similar properties.
Emergence of alternative real estate investment models, such as co-working spaces and flexible leasing.
High levels of debt relative to equity, which could impact financial flexibility in a downturn.
Potential liquidity issues if property values decline significantly.
StructuralCompetitiveBalance Sheet