RCG Ventures has announced the approximately $1.1 billion first close of acquiring a multitenant retail portfolio from Global Net Lease (GNL). The transaction included a new loan facility with Truist and Key Bank and equity investments from multiple institutional investors, including Ares Management Alternative Credit funds, Koch Real Estate Investments and Goldman Sachs Alternatives.

For more than 20 years, RCG has invested in multitenant retail, focusing on shopping centers anchored by national tenants in high-growth markets. Including the announced close, the firm has deployed approximately $2.7 billion, acquiring more than 250 properties across more than 30 states. With strong in-house investment, property management, leasing and construction teams, RCG takes a differentiated approach to retail investment and management, leveraging direct relationships with retailers and brokers to maximize the long-term value of its assets.

“As longtime, dedicated multitenant re