Portfolio Recapitalization with Goldman Sachs
Branch recapitalizes a five property, grocery-anchored portfolio with Goldman Sachs. Branch maintains minority ownership in the portfolio, and continues to handle asset management, property management, and leasing services for the portfolio.
Branch Capital Partners III, L.P. Formed
Fund solely focused on grocery-anchored retail. Total equity: $55 million
Portfolio Recapitalization With Stockbridge
Branch recapitalizes a twelve property, grocery-anchored portfolio with Stockbridge
Capital Group, a private equity real estate investment firm. Branch investors maintain
minority ownership in the portfolio, and continues to handle asset management,
property management, and leasing services for the portfolio.
Branch Capital Partners II, L.P. Formed
Fund focused on grocery-anchored retail with the opportunity to develop or acquire
multifamily assets. Total equity: $50 million
Programmatic Joint Venture Formed With AIG Global Real Estate
Branch forms a programmatic joint venture with AIG Global Real Estate to acquire and
develop grocery-anchored shopping centers in the Southeast. The portfolio has been
fully invested and is worth about $800M.
Retail Development Program
As the competition for quality retail assets increases, Branch considers pricing for retail acquisitions to be unsustainable and focuses on ground-up construction to create value for its partners. From 2004 to 2008, Branch develops eleven neighborhood shopping centers totaling approximately 288,000 square feet.
Branch Enters Multifamily Sector
Long known for its expertise with retail properties, Branch enters the multifamily market through a series of joint ventures. During the next several years, Branch and its partners successfully develop over 1,835 units in Georgia and Florida.
Branch Capital Partners, L.P. Formed
Branch executives partner with select European individual investors to form Branch Capital Partners, L.P., a vertically-integrated real estate operating company, to continue the company’s successful investment strategy. The primary investment focus of Branch Capital Partners is grocery-anchored shopping centers in the southeastern United States. Branch forms a wholly-owned subsidiary, Branch Properties, LLC, to manage the day-to-day operations of the company.
Branch Properties, L.P. Formed
Management of Branch and Associates completes a “mini roll up” of 15 neighborhood shopping centers supplemented by a cash investment by ABKB/LaSalle and the Oregon State teachers’ pension fund. Branch and Associates contributes its operating company and other assets to this new organization. During the next two years, Branch Properties, L.P acquires and develops an additional 10 retail shopping centers in Florida, Georgia, South Carolina and Tennessee.
Expansion into Multifamily
Branch expands its network of international investors to include Japan by forming Branch/Interallianz Realty Fund, L.P. This fund makes investments in retail, multifamily and strategically-located land in Georgia, South Carolina and Florida.
Branch Expands Into Development
Branch expands its service offerings to include development, redevelopment and renovation capabilities. During this period, Publix Super Markets identifies Branch as a development partner to help the grocery chain enter the Atlanta market. CVS selects Branch as one of its preferred developers for its entry into the Atlanta market.
Retail Acquisition Strategy
With capital from a small group of individual, non-U.S. investors, the Company makes
the strategic decision to focus primarily on shopping centers
