CenterSquare Investment Management, a global real estate investment manager, and funds managed by Hamilton Lane, a global private markets investment firm, announced a partnership to recapitalize Tenaya Village, an essential service retail (ESR) shopping center in suburban Las Vegas owned by CenterSquare.
CenterSquare has owned the unanchored retail center since 2022, during which time its infill location and proximity to the highway intersection have driven durable tenant demand and outsized rent growth. Through this recapitalization, Hamilton Lane is now the majority investor in the five-building, approximately 50,000-square-foot shopping center located in an affluent Las Vegas neighborhood, with CenterSquare retaining a minority stake. For CenterSquare, Hamilton Lane's partnership is further validation of investor appetite and the firm's strong conviction in this niche retail sector.
"We're thrilled to partner with Hamilton Lane on this opportunity, and grateful for
