J.P. Morgan and NYSTRS invest $200m in grocery-focused REIT

Donahue Schriber Realty Group, a privately held REIT specializing in grocery-anchored shopping centers, has received a $200 million equity investment from institutional investors advised by J.P. Morgan Asset Management and from New York State Teachers’ Retirement System (NYSTRS).

Each have provided $100 million in capital that will fund acquisitions and redevelopments focused on grocery-anchored shopping centers in high barrier to entry markets from San Diego to Seattle.

Since 2011, J.P. Morgan Asset Management-advised investors and NYSTRS have invested a total of $650 million of growth capital with Donahue Schriber. The privately held REIT owns and operates more than $3 billion in retail shopping center assets and is a recognized leader in the development, management and leasing of neighborhood, community and power centers.