CenterSquare Investment Management Formed Sunbelt JV with Arch Street Capital Advisors

Posted on 08/25/2021

CenterSquare Investment Management formed a joint venture with Arch Street Capital Advisors (who is acting on behalf of a capital partner). The joint venture will pursue high-end Service Properties in the Sunbelt region of the United States. Barclays Plc is supporting the JV by providing an acquisition financing facility, providing the JV the ability to acquire approximately US$ 150 million of properties.

The JV was formed in July 2021. The JV has already closed three separate transactions, acquiring four properties located in Orlando, Houston, and Atlanta. The joint venture is actively seeking new Service Property investment opportunities in the $7 – $20 million price range. Service Properties, a niche sector of Retail, comprise multi-tenant shopping centers leased to businesses whose customers must visit the store to consume the service.

CenterSquare has pursued this Sunbelt Service Property strategy since 2015.

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