BIG Shopping Centers USA, Inc. (BIG USA) and BIG RED Asset Management, LLC. (BRAM) are subsidiaries of the Israeli parent company BIG Shopping Centers, Ltd. (TASE: BIG) a real estate company publicly traded in the top TASE 135 Index. BIG USA is a retail shopping center investment company based in Phoenix, Arizona together with it’s sister company BRAM an asset management company in charge of the management and enhancement of the US portfolio.
BIG Shopping Centers Ltd. (BIG) – Headquartered in Herzelia, Israel – was founded in 1994 by Yehuda Naftali with the vision of developing American styled open – air shopping centers in Israel.
Under it’s long-term hold strategy, BIG USA’s primary focus is investing in owned assets to further enhance and create the most advantageous tenant and customer experience. Taking an innovative of approach in reimagining each center and exploring development/redevelopment opportunities to add value to each asset. Also focusing on lease up, improvement of tenant mix, and attaining and maintaining stabilized occupancy in an ever-changing market for the retail shopping center industry.
RENO, NV (KOLO) (February 2018) – Chick-fil-A is one of the many stores opening at the Outlets at Legends this year. Construction crews are working on building many other businesses at the mall. This includes a new Burlington and hotels such as Residence Inn and Hampton Inn.
The spokesperson for Outlets at Legends says a casino owner is also working on getting a permit. She says the mall is one of the only ones in our area seeing a profit this year and that business is booming.
BIG USA typically acquires lifestyle and community centers in strong markets thriving fundamentally in job creation and growth, quality of life, the availability of great health care and excelling education. Open to investment in both individual assets and portfolios that are comprised of entertainment, community, and lifestyle components.
On a regular basis, BIG USA evaluates the portfolio to divest of any assets that do not fit within the portfolio and current investment strategy.
BIG USA establishes relationships with regional shopping center owners and operators in high-growth markets across the country with a focus on acquiring quality lifestyle neighborhood, and community centers. To each partnership BIG USA brings a team that has over 100 years of overall shopping center experience. The team is diverse and has expertise in property acquisition, development, leasing strategy, trade area analysis, and asset management. Reasons to partner with BIG USA include: the efficiency created with it’s streamlined approach, entrepreneurial attitude, access to capital, strong existing multi-market relationships, and lack of a traditional investment committee.
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