Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Regional Center

A retail property that provides general merchandise (a large percentage of which is apparel) and services in full depth and variety; main attractions are its anchors:  traditional, mass merchant, discount department stores, or fashion specialty stores; usually enclosed with an inward orientation of the stores connected by a common walkway and parking surrounds the outside perimeter.

Source: NCREIF | Date: 09 September 2025 | ID: D1405 | Version: 1