Asana Partners has closed a partnership with Norges Bank Investment Management (NBIM) to form Asana Partners Strategic Partners I (APSP I). The new venture will invest in and operate high-quality core and core-plus neighborhood retail assets throughout the United States, including grocery-anchored centers, unanchored centers, street retail, and mixed-use assets.
APSP I launched with an equity commitment of $500 million from NBIM. The venture will focus on properties located in markets with attractive demographics, durable tenant demand, compelling consumer fundamentals, and opportunities for long-term value creation.
“We are honored to partner with NBIM, one of the world’s premier institutional investors,” said Reed Kracke, partner at Asana Partners. “Forming APSP I reflects our shared conviction in the strength and resilience of neighborhood retail real estate and expands our existing capability to capitalize on attractive investment opportunities across the c
