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Gary Albrecht was quoted in an article titled, "Macy’s REIT Option Would Limit Financial Flexibility"

July 23, 2015As Published in: Women's Wear DailyAttorney: Gary M. Albrecht
Gary Albrecht spoke with Women's Wear Daily regarding Macy's REIT option.

Gary Albrecht, the cochair of the real estate department at the Cole Schotz law firm, noted that the push to monetize real estate assets moves in cycles. “Real estate is a hot market, so that is the trend for now. If you go back to 2005, you’ll see there were sale and leaseback transactions, although not necessarily on this scale. During a recession, you don’t see much activity on this front.”

Which avenue to take isn’t so clear when it comes to the options a company faces. “There are potholes in the road,” Albrecht said.

To read the full article, please click here.

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