May 6, 2020
Cecil Cummins sits down with Ray Bayat of NetCo investments to discuss COVID-19's impact on Shopping Center Retail. Cecil and Ray talk through short term and long term asset management strategies and what the future may hold.
Ray founded NetCo Investments, Inc. along with Mitch Bayat in 2002 to pursue value-added shopping center developments and investments. Since then, Ray has been involved in the acquisition, redevelopment, sale, and financing of more than 1.2 million square feet and transactions valued at over $300 million. Prior to this, Ray was with Grubb & Ellis from 1997 to 2003. He was one of the top retail salespersons for Grubb & Ellis nationally, culminating in a Circle of Excellence performance for years 2000 through 2002. Prior to joining Grubb & Ellis, Ray was Leasing Manager for Newhall Land, the largest landowner in Los Angeles County. The company was involved in both residential and commercial development in Valencia, California. Ray was also an entrepreneur. He owned a franchised restaurant and two other retail businesses from 1988 through 1994.