Branch Raises $200M to Acquire Retail

Branch Properties, LLC, an Atlanta-based privately held real estate investment firm, recently raised $200 million of equity through a strategic alliance with a U.S. institutional partner.  To date, the firm has invested $54 million to acquire $166 million of assets totatling over one million square feet of grocery-anchored retail space in Florida, Georgia, North Carolina and South Carolina. With the additional funding, Branch is seeking to acquire approximately $350 million of value-add, necessity-based neighborhood centers throughout the Southeast over the next three to five years.

“The retail market excites us,” explains Nick Telesca, president of Branch Properties, LLC. “Retail has always been a core strength of ours. Since 1973 we have acquired and/or developed over 110 grocery-anchored shopping centers throughout the southeastern United States. As the economy continues to recover, we are now completely devoted to exploiting the return of retail. It’s what we’ve done best for the past four decades.” Continue reading