RCG Ventures, the vertically integrated retail real estate investment arm of Argonne Capital Group that specializes in the acquisition, development, leasing, management and financing of multitenant real estate assets, announced the final close of a $1.8 billion multitenant retail portfolio consisting of 99 properties from Global Net Lease. The portfolio encompasses more than 14 million square feet across 28 states.
"We are pleased to have successfully completed this transformative transaction with the continued support of our dedicated institutional partners," said Michael A. Klump, founder and chairman at RCG Ventures and Argonne Capital. "This transaction expands our portfolio of shopping centers across the U.S. and further underscores our strong conviction in the resilience and long-term potential of multitenant retail. By combining the expertise of our in-house property management and leasing teams with our decades of retail investing experience, we are confident in our a