Larry Casey, President & Coo, Donahue Schriber

Retail TV has brought to you by founding sponsor Faris Lee Investments the largest retail investment advisory firm in the nation. Donahue Schriber has been in the retail business for forty years. They are a West Coast based operator and developer of high-quality grocery anchored shopping centers. Today they have 8.4 million square feet that they own and $12 million square feet that they manage. In this segment Donahue Schreiber's president and CEO all Larry Casey shares plans for their recent $100-million infusion of growth capital. So are investors have committed another one hundred million dollars toward our growth will be looking at acquisitions and development opportunities you in coastal California and the Pacific Northwest. The tenant interest is driving our interest in development our tenants are approaching us with the the need for... their opening stores in certain areas and we're looking in those areas to try to accommodate their needs. And there are some opportunities although there are few and far between. That's key to our success is the fact that we our strategy is is grocery anchored necessity base retail our customers come to our centers two to three times a week their cross shopping at our grocers and and our other shop tenants creating and very vibrant and center where the merchandise can compliment itself within the center and the customers coming for those grocery shops and also cross shopping to our others. So the concept that grocery anchored shopping centers does work, with money is coming back into the system, people are reinvesting in their stores and in the consumer is responding. With visits tennis sales are up by 2.5 percent from March to March so we're very excited about all the metrics within the portfolio are pointing to positive results. We've had a lack of retail development in the country since the global financial crisis there's very little going on right now... and and so there's there but there's and so the stores are looking not at new stores but looking to reinvest in their existing stores so that they can get a return on that capital with increase sales by increasing the experience and freshening up stores for their customers and so we see a lot of our existing grocers reinvesting in their stores because they're not opening new stores this as I have one of my colleagues from Kroger said, "you know soon as you folks are developing the music music developing some new communities will start developing some new community centers so." And most of our tenants are seeing that the internet is any complement to their business and delivering goods and services to the customer not a replacement for brick and mortar. There'st a lot said about the replacement vacant brick-and-mortar our tenants are finding a way to to blend the experience and increase sales and increase customer satisfaction by using both of the modes to deliver the product to the customer. There is a flood of capital on the on the coast and those that flood is is causing prices to be very expensive handed doesn't there's no indication that that is going to in any way lghten up... that we're going to continue see Capri compression interest rates are the big question mark everyone that you speak to you says interest rates are going to go up but no one can tell you when and by how much and so you need to plan now for the future with respect of interest rates to your mess now and lock up low rates for as long as you can... from a maturity standpoint I think that's a wise decision. Retail T.V. is brought to you by founding sponsor Faris Lee Investments the largest retail investment advisory firm in the nation.