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GI314: Investing in Shopping Malls with Andy Weiner
July 03, 2025 · 25 min

In this episode of the Global Investors Podcast, Charles Carillo sits down with Andy Weiner, President of RockStep Capital, to explore how shopping center investments can outperform multifamily in today’s high-interest environment.

Andy shares his journey from operating 159 retail stores to building over 10 million sq ft of shopping centers across 11 states. You’ll learn how grocery-anchored assets, enclosed mall redevelopments, and positive leverage strategies offer outsized returns—especially in secondary and tertiary markets.

Topics covered:

Grocery-anchored shopping center investment strategy

Enclosed mall value-add deals and redevelopment

Positive leverage vs negative leverage in real estate

Underwriting retail assets for downside protection

The RockStep Coalition: community-backed investing

Tenant credit analysis and lease structuring

Retail construction cost trends and risk mitigation

Connect with Andy:

Website: https://www.rockstep.com

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