The $14 billion real estate firm CenterSquare Investment Management and Arch Street Capital Advisors formed a joint venture targeting investments in high-end service properties in the Sunbelt.
The strategy is supported via an acquisition financing facility from Barclays that provides capital for the acquisition of $150 million in property.
The joint venture has closed on three separate transactions to acquire four properties located in Orlando, Houston and Atlanta. The firms are now actively seeking out new investment opportunities in the $7 million to $20 million price range.
The portfolio is within a . . .
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.