Marquee Capital has formed a programmatic joint venture with an institutional investor to acquire and manage anchored retail strip centers across the Midwest. The venture will provide Marquee with up to $400 million of investment capacity, including leverage, across two equity tranches. The initial $70 million equity tranche will be deployed to recapitalize select Marquee-owned assets and to fund near-term pipeline acquisitions.
The venture will target institutional-quality neighborhood and power centers anchored by traffic-generating grocers and national big-box retailers in thriving suburban markets throughout the Midwest. The partnership will focus on assets with a strong credit tenancy profile and opportunities to execute a value-add business plan, including strategic leasing, physical enhancements and site optimization initiatives.
Atlantic-Pacific Capital (APC) served as the exclusive financial adviser to Marquee Capital.
This transaction is part of APC’
