DENVER--(BUSINESS WIRE)--Baceline Group, a boutique private real estate investment and management company with neighborhood shopping center holdings throughout the United States, has announced that its Core Income Fund has reached a new milestone of 80 properties in the portfolio representing more than $390 million in assets under management.
Spanning 26 markets throughout the U.S. and including more than 2.9 million-square-feet of retail space with nearly 1,000 local and national tenants, it is the largest and most diverse fund in Baceline’s history.
The most recent acquisitions include two properties in the greater St. Louis area, and one in Lansing, Kan. Astra Way, in Arnold, Mo., is a 13,467-SF retail center located in a vibrant and high-exposure area near Jefferson College. Butler Hill Square is a 32,398-SF neighborhood shopping center in St. Louis near a new medical center, featuring both national and local tenants.
DaVita Center, in Lansing, became the portfolio’s 80th property earlier this month. Built in 2007, the 23,760-SF retail center features a combination of community-focused businesses, including medical providers, financial and personal services, and restaurants.
“The energy and effort that everyone at Baceline Group has put forth to help us reach 80 neighborhood shopping center locations in our core income portfolio is a significant milestone and great achievement,” said Brian Capstick, Baceline Group president. “Despite a challenging 2020, we continued to push forward with our unique investment approach and remain focused on our goals of acquiring and optimizing neighborhood retail locations in prime markets.”
Baceline's real estate investment strategy focuses on neighborhood shopping centers in markets throughout the United States that offer more value-rich quality real estate at opportunistic prices, and less competition, when compared to gateway and coastal cities.
About Baceline Group
Founded in 2003, Baceline Group is a Denver-based privately held boutique real estate investment and management firm 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. By avoiding high-priced and competitive commercial real estate markets on the coasts, Baceline’s focus provides untapped investment opportunity. This unique approach allows investors to better diversify their investment portfolio. Learn more at www.bacelinegroup.com or LinkedIn.