Interest Rate Fluctuation Risk: Changes in interest rates can increase borrowing costs for acquisitions and refinancing, and may negatively impact property valuations and cap rates.

Economic Downturn and Consumer Spending Risk: A weakening economy or reduced consumer spending could impact tenants' sales performance, potentially leading to lower rental collections, increased vacancies, or lease defaults.

Tenant Credit and Vacancy Risk: The financial health of tenants, especially anchor tenants, is crucial; bankruptcies, store closures, or lease non-renewals can lead to significant revenue loss and increased vacancy.