Broad Reach Closes on FUND II
Annapolis, MD, December 28, 2016 -- Broad Reach Retail Partners, LLC (BRRP) announces the closing of its second equity fund: Broad Reach Retail Partners Shopping Center Fund II.
“FUND II will allow us to reach our goal of acquiring in excess of $200 million in shopping centers in the next two years,” said Nate Tower, founder of Broad Reach Retail Partners.
BRRP is focused on buying necessity, retail-anchored shopping centers located east of the Mississippi. Fund II allows BRRP to quickly and efficiently acquire properties which meet the buying criteria of the company. Based on the size and structure of Fund II, BRRP has a targeted goal of acquiring in excess of $200 million in shopping centers in the next two years.
About Broad Reach Retail Partners Broad Reach Retail Partners (BRRP) is a privately held, fully integrated owner and operator of shopping centers. The company maximizes the full potential of underutilized shopping centers through focused leasing, redevelopment and management.
The company’s mission is to create value for our partners, properties and people. BRRP is actively seeking growth through selective acquisitions, strategic leasing and the addition of the best of the best team members.
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