Baceline Investments Adds Four Properties to Core Income Portfolio
DENVER--(BUSINESS WIRE)--Mar 28, 2019--Baceline Investments, LLC, a boutique private equity real estate investment and management company with neighborhood shopping center holdings throughout the Central United States, has announced the addition of four properties to its core income portfolio. The properties include Quarry Center in Louisville, Ky. (acquisition price of $3.6 million including 16,454 square feet); Dakota Plaza in Austin, Texas ($4.2M; 21,700 SF); Maybrook Plaza in Maywood, Ill. ($1.6M; 9,176 SF); and Sequoia Center in Milwaukee ($3.6M; 35,327 SF).
With the acquisitions, the portfolio represents more than 40 properties across America’s Heartland region and an asset value of nearly $225 million. What is now Baceline’s largest and most diverse portfolio, it includes more than 1.7 million square feet of leasable space and approximately 450 tenants. Baceline launched the portfolio with the acquisition of the first property in June 2016.
Baceline’s targeted core income strategy focuses on holdings in the country’s midsection and is designed to benefit investors who seek to earn consistent and higher levels of distributable income. The properties are multi-tenanted neighborhood and community shopping centers that provide everyday goods and services and are internet and recession resistant.
“The success of this neighborhood shopping center portfolio can be attributed to our commitment to Baceline’s strategic and proven approach,” said Todd Laurie, Baceline Partner and EVP of investments. “We focus on identifying strong, vibrant communities that are located near income-producing neighborhood shopping centers that are resistant to recession, and unaffected by e-commerce.”
About Baceline Investments
Founded in 2003, Baceline Investments, LLC is a Denver-based privately held boutique real estate investment and management company that specializes in the acquisition, management, and sale of cash-flowing, necessity-based everyday goods and services neighborhood shopping centers located in select secondary markets across America’s Heartland. By avoiding high-priced and competitive commercial real estate markets on the coasts, Baceline’s Heartland focus provides untapped investment opportunity. This unique approach allows investors to better diversify their investment portfolio. Learn more about Baceline Investments at www.bacelineinvestments.com or LinkedIn.
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CONTACT: Jim Miller, Bluebird Branding
Katie Lyon, Baceline Investments
KEYWORD: UNITED STATES NORTH AMERICA COLORADO
INDUSTRY KEYWORD: CONVENIENCE STORE ONLINE RETAIL RESTAURANT/BAR PROFESSIONAL SERVICES REIT BANKING FINANCE RETAIL CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Baceline Investments, LLC
Copyright Business Wire 2019.
PUB: 03/28/2019 09:35 AM/DISC: 03/28/2019 09:35 AM