About this episode
Christine Mastandrea, President and COO of Whitestone REIT, shares how a community-first mindset can drive long-term value in commercial real estate. From tailoring retail environments to local culture, to acknowledging and leveraging psychographics and generational shifts, Christine lays out Whitestone’s strategy of turning shopping centers into vibrant and diverse hubs for community. We explore how retail spaces can serve as the “living rooms” of their neighborhoods, and why flexible, experience-driven developments are key to succeeding in today’s constantly changing landscape. Tune in to better understand the value of building resilience and relevance into a retail property investment. Key Moments:01:07 Meet Christine Mastandrea: Background and early Career03:36 The rise of REITs05:00 Teaching experience and generational Insights06:32 Christine's role at Whitestone REIT08:14 Strategic decisions and market focus11:55 Whitestone's IPO journey14:41 Wearing a lot of hats at Whitestone19:51 COVID-19 response and adaptation26:09 Entrepreneurial mindset and growth of the “small business”28:45 Impact of high Interest rates and inflation31:10 Generational shifts in consumer behavior36:36 The role of retail in community building42:44 Challenges and opportunities in retail development49:03 Advice for breaking into the CRE industry50:45 Redefining retail for the future Resources Mentioned:Whitestone REIT - https://www.whitestonereit.com/ESRI – https://www.esri.com/en-us/homePlacer.AI - https://www.placer.ai/Email us - altusresearch@altusgroup.com Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property??
