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Level of Private Capital Interest in Portfolio is Surprising

A 27-property retail portfolio located in eight states in the Central US including 14 in Texas along with Colorado, Kansas, Missouri, Montana, Oklahoma, Utah and Wyoming was recently sold to a private buyer.

retail portfolio The portfolio has more than 677,979 square feet of retail space with an occupancy rate of 92%.

DALLAS—A rare multi-property opportunity turned some institutional heads recently, resulting in an undisclosed buyer purchasing the 27-property retail portfolio from Dallas-based Rainier Companies. The properties are located in eight states in the Central US including 14 in Texas, along with Colorado, Kansas, Missouri, Montana, Oklahoma, Utah and Wyoming.

The total portfolio included more than 677,979 square feet of retail space with a current combined occupancy rate of 92%. Michael Austry, first vice president with CBRE, and Jared Aubrey, senior vice president with CBRE, represented the seller in the transaction.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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