Investors See Returns on Investment in Middlebury, Vermont Shopping Center
NEW YORK, April 1, 2015 /PRNewswire/ -- Acquire Real Estate, a groundbreaking crowd investing platform that opens up a new world of institutional-quality commercial real estate investments to accredited investors, today announced that Middlebury Commons, a recently closed investment opportunity, has met its anticipated return rate of 9% for its investors.
Accredited investors or their advisors can access the Acquire platform here: https://www.acquirerealestate.com/.
Sponsored by Crosspoint Associates, Inc., Middlebury Commons is a +/- 38,690 square foot retail center that is 100 percent master leased and occupied by Shaw's Supermarkets. Strategically located in the geographic center of Middlebury, Vermont, the property is the closest shopping center to Middlebury College, one of the United States' elite liberal arts colleges. Other highlights include:
- 100 percent Absolute Net Lease to one of New England's dominant grocers.
- Limited new supply due to Vermont's extremely high barriers to entry.
- Future upside potential with the recapture and retenanting of the master leased pad.
- Purchase price below replacement cost.
"The advantage our clients have is that our years of expertise in commercial real estate, combined with our extensive due diligence process, creates an unmatched network enabling us to find attractive opportunities for investors backed by some of the most successful and well-regarded sponsors in the market," said Steven Bettinger, CEO of Acquire. "Investors have the confidence in knowing we review every opportunity before we make them available. Out of every 100 deals we see, only a select few ever make it to our platform."
Crosspoint is known for transforming troubled properties into viable real estate and replacing blighted buildings and shopping centers with pleasing new developments. Established in 1989, they specialize in the ownership, management and development of supermarket anchored retail properties, community shopping centers, mixed use properties and office properties throughout New England. Crosspoint also provides development and management services to a number of national and local corporations and financial institutions. Their mission is to provide wealth enhancement to their investors, partners and members through real estate investment, management and development.
"We chose to work with Acquire Real Estate because they are sophisticated real estate professionals with a long history of success in real estate acquisitions and deal structuring. We can't have funding risk in our deals so their ability to commit to the funding was a must," said Jonathan Hueber, Director of Acquisitions at Crosspoint. "The process was streamlined and efficient and we look forward to doing more deals with them in the future."
For media inquiries, please contact Kris Kagel, JCPR, at 973-850-7312 or [email protected].
About Acquire Real Estate
Acquire Real Estate (https://www.acquirerealestate.com/) provides public access to the real estate private placement business, bringing institutional-quality deals to the accredited investor. The New York firm uses its expertise and vast knowledge of the space to pool investors, and offer them direct access to quality commercial real estate deals.
Media Contact
Kris Kagel
JCPR
(973) 850-7312
[email protected]
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SOURCE Acquire Real Estate
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