Baceline Investment’s Core Income Portfolio hits $200 Million Milestone
DENVER--(BUSINESS WIRE)--Jan 2, 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 that its core income portfolio has surpassed $200 million in asset total with the recent acquisition of Woodlands Market in Menomonee Falls, Wisc.
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.
With the addition of Woodlands Market, the portfolio includes 39 properties in 21 Heartland markets. It includes more than 425 tenants and 1.5 million leasable square feet.
Woodlands Market is a 19,433-square-foot retail property accommodating a variety of tenant types and sizes. Key tenants include A Better Me Spa, Barre District, Town Bank and Good Hope Vision. Baceline purchased the retail location for $2,710,000.
“We are proud to reach such a significant milestone,” said David Puchi, Baceline’s Managing Partner. “As the largest portfolio in Baceline’s history, the continued growth of the core income fund speaks to our commitment to a strategic and unique approach. It has allowed us to expand and diversify within communities that offer unlocked potential.”
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 WISCONSIN
INDUSTRY KEYWORD: CONVENIENCE STORE RESTAURANT/BAR PROFESSIONAL SERVICES REIT BANKING FINANCE RETAIL CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER RETAIL
SOURCE: Baceline Investments
Copyright Business Wire 2019.
PUB: 01/02/2019 10:10 AM/DISC: 01/02/2019 10:10 AM