Cohen & Steers Income Opportunities REIT, Inc. (CNSREIT) has purchased the Marketplace at Highland Village, an open-air community shopping center located in Dallas.
The acquisition was made through a programmatic joint venture with Sterling Organization.
The acquisition is the first investment for CNSREIT, which plans to acquire high-quality properties that generate attractive income across the United States alongside best-in-class operators.
The Marketplace at Highland Village is an approximately 451,000-square-foot open-air community shopping center built in 2006, that includes a Walmart-owned Supercenter. The acquired premises comprise nearly 207,000 square feet and are approximately 93 percent occupied by tenants including TJ Maxx, HomeGoods, LA Fitness, DSW and Petco. The highly visited retail property benefits from its rapidly growing high-income sub-mar