Why “hometown” markets are delivering real returns in retail

Retail’s comeback isn’t new news, but its investment potential is still underestimated. In this episode, RockStep Capital’s President, Andy Weiner, joins Omar Eltorai and Cole Perry to shed light on why the most rational capital in CRE is rotating toward shopping centers and “hometown” markets.From positive leverage dynamics to the structural limits on new supply, Andy explains how disciplined operators are capturing double-digit yields while strengthening the communities they invest in. For investors, developers, and lenders, it’s a revealing look at where the next durable returns may come from. Key Moments:01:34 Meet Andy Wiener of Rock Step Capital03:38 The birth of Rock Step Capital05:21 Retail strategy and store metrics07:29 Improving communities through retail10:39 The Rock Steps: Company culture and values16:51 Evolution of Rock Step Capital20:52 Hometown focus and investment strategy22:21 Community involvement and local partnerships24:55 Investment strategies and fund structure27:00 Retail Renaissance and e-commerce integration30:24 Supply and demand dynamics in retail41:38 Public-private partnerships and redevelopment45:37 Exit strategies and market insights46:44 Chick-fil-A fandom and personal insights Resources Mentioned:Andy Weiner - https://www.linkedin.com/in/andy-weiner/RockStep Capital - https://rockstep.com/The RockStep way - https://rockstep.com/company/rockstep-wayEmail us: [email protected] for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property