Commercial Investment Real Estate March/April 2016 | Page 8

MARKE T
TRENDS
Beyond
Amenities
Multifamily property owner Castle Lanterra is of ering a tenant
scholarship program to residents in six of its properties across the
country. T e f rm owns nearly $850 million in multifamily proper-
ties across the country. High school seniors and those enrolled in
two and four-year colleges or vocational technical schools for the
2016–17 academic year can submit essays to compete for one $5,000
and two $1,000 scholarships.
Another real estate scholarship program, the Simon Youth
Foundation, awards more than $1 million in scholarships yearly to
graduating high school seniors who live within 50 miles of Simon
Property Group malls or outlet properties. In 2105, SYF awarded
$1.2 million to 300 students. SYF has also created
and funds 25 Simon Youth Academies, alterna-
tive schools located primarily in Simon malls,
that of er educational opportunities to at-
risk students.
“If you want to increase the traffi c to
your website, open stores. High-end
malls continue to experience growth
in sales per square foot, making
them an attractive option for evolved
retailers looking for brick-and-
mortar spaces.”
— Scott Galloway, professor of marketing at NYU Stern School of Business
Population Shift
Highest rates of net migration per
1,000 residents, July 2014–2015
+16.5
15.7
13.0
12.5
12.4
Florida
North Dakota
Nevada
Colorado
Washington, D.C.
Source: U.S. Census Bureau/Transwestern
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March | April | 2016
Commercial Investment Real Estate