NEW YORK--(BUSINESS WIRE)--Deutsche Asset & Wealth Management’s (Deutsche AWM) Alternatives and Real Assets (ARA) business today announced that it has acquired the Wicker Park Commons shopping plaza in Chicago, IL, for one of its investment funds.
Located at 1265-1303 North Milwaukee Avenue, Wicker Park Commons is an urban infill Class-A shopping center with strong credit tenancy, anchored by a dominant grocer and national home improvement store.
“Wicker Park Commons is a core investment property, supported by favorable demographics that will pursue long-term growth for our investors,“ said Todd Henderson, Head of Real Estate in the Americas for ARA. “We expect this property to continue to pursue long-term, stable income due to the high current occupancy and long-dated rent roll in a market posed for continued appreciation.“
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Deutsche Asset & Wealth Management – Real Estate
Deutsche Asset & Wealth Management’s real estate investment business has been investing in real estate assets for more than 40 years. As part of the Alternatives and Real Assets platform, this business today has more than 450 employees around the world, USD 46.3 billion in assets under management as of May 31, 2015, and offers a diverse range of strategies and solutions across the risk and return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans and private clients worldwide. To learn more about Deutsche Asset & Wealth Management’s real estate investment capabilities, please go to www.deutscherealestate.com.
An investment in real estate involves a high degree of risk, including possible loss of principal amount invested, and is suitable only for sophisticated investors who can bear such losses.
Deutsche Asset & Wealth Management
With USD 1.25 trillion of assets under management (as of March 31, 2015), Deutsche Asset & Wealth Management¹ is one of the world's leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.
¹ Deutsche Asset & Wealth Management is the brand name of the Asset Management and Wealth Management division of the Deutsche Bank Group. The legal entities offering products or services under the Deutsche Asset & Wealth Management brand are listed in contracts, sales materials and other product information documents.
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