Sunday, October 5, 2014

HFF closes sale of seven-property, four-state grocery-anchored portfolio in four states


Richard Reid
ATLANTA, GA – HFF announced it has closed the sale of a 96.5-percent-occupied retail portfolio consisting of seven Publix-, Kroger- and BI-LO-anchored shopping centers totaling 513,723 square feet throughout Florida, Georgia, South Carolina and Texas.

               HFF marketed the portfolio on behalf of the sellers, a joint venture between BVT Equity Holdings, Inc. and WealthCap. 

               The properties include: Kingwood Glen in Houston, Texas; Doral Isles in Miami, Florida; Barclay Crossing in Tampa, Florida; Deltona Landings in Orlando, Florida; Parkway Centre in Columbus, Georgia; Publix at Powder Springs in Atlanta, Georgia; and Sweetgrass Corner in Charleston, South Carolina.

               The HFF investment sales team representing the sellers was led by managing director Richard Reid, senior managing director Danny Finkle and managing director Ryan West.  Senior managing director Rusty Tamlyn and managing directors Jim Hamilton and Luis Castillo also assisted with the transaction.

Danny Finkle
               “The Sunbelt Grocery Portfolio represented an exceptional opportunity to acquire a critical mass of dominant grocery-anchored properties in prime real estate markets throughout the southern United States,” Reid said.

BVT is a German registered investment advisor on behalf of foreign institutional and retail investors with offices in Munich, Germany and Atlanta, Georgia. 

Since 1976, BVT has placed over 180 closed-end funds with a total investment value of over $7.2 billion in real estate and alternative equity opportunities. 

As a fiduciary, BVT also provides asset management, property management, and tax services for its investors.  For more information please visit bvt.com or bvt.de.

WealthCap is one of Germany's market leaders in investments in real assets.  With almost 30 years of investment expertise, WealthCap has access to high quality investment opportunities in many attractive asset classes and markets that we translate into clear investment offerings tailored to individual investment objectives. 

Ryan West
They develop products for both private investors and structured solutions for the particular requirements of professional investors.  Approximately 216,000 investors have now made investments in 138 shareholdings.  Around EUR 7.3 bn of equity has been invested in total.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 |
 Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | 
Cell: 617-543-4873 |

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