The merger of Kroger and Albertsons would assemble nearly 5,000 stores under one ownership umbrella. To secure regulatory clearance, the two parties are willing to dispose of up to 650 supermarkets. It is this potential divestiture that poses the most risk for shopping center owners, with stores possibly sold in bulk or funneled into newly-formed entity that would operate as a public company.

Key Features Include:
• Breakdown of merger specifics and the framework of a potential “SpinCo”
• Possible implications for shopping center owners with a Kroger or Albertsons-brand tenant
• Analysis of grocery sales and supermarket property performance

Marcus & Millichap’s Full Report:
Special Report: What Kroger-Albertsons Merger Would Mean For CRE