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In this episode of the Commercial Real Estate Podcast, hosts Aaron Cameron and Adam Powadiuk sit down with Jason Parravano, President and CEO of Plaza Retail REIT, to explore how non-discretionary retail, demographic shifts, and disciplined capital strategies are fuelling growth. From succession planning in founder-led REITs to navigating high interest rates, Jason shares practical insights on why focused retail strategies continue to outperform in today’s volatile market.

What you will learn:

• Why retail real estate remains resilient with a focus on non-discretionary retail like grocery and pharmacy
• How demographic trends and limited new supply are driving retail rent growth 
• The challenges of retail development economics, including land and development costs 
• Why succession planning in founder-led organizations requires careful navigation 
• How retail REITs are adapting growth strategies in a high-interest-rate environment
• The advantages of maintaining a focused retail strategy 
• Why non-discretionary retail tenants continue expanding despite market headwinds
• The strategic importance of capital recycling and portfolio optimization 
• How tax-advantaged REIT structures provide enhanced yield opportunities for investors

Jason Parravano is the President and CEO of Plaza Retail REIT, a major retail-focused real estate investment trust managing 9 million square feet across the Maritimes, Quebec, and Ontario. With a background in accounting and previous experience as CEO of Canadian Net REIT, where he grew the portfolio from 10 to 100 properties, Jason brings extensive expertise in retail real estate management and development. He has successfully navigated two founder successions in his career, while demonstrating strong leadership capabilities in organizational transitions.

The post Why Retail Spaces are a Great Bet Today: Insights from Jason Parravano, President and CEO of Plaza Retail REIT appeared first on Commercial Real Estate Podcast.