The six value retail assets are located in California, Nevada, Missouri, Minnesota, Michigan, and Georgia. Approximately 87% of the portfolio's operating gross leasable area was occupied at closing.
The broker in the deal was Johnson Capital.
Prescott is a New York-based real estate merchant banking firm that undertakes property investment, asset management, and investment banking activities throughout the United States and internationally. Prescott Capital Management is the firm's investment and asset management division, which sponsors a series of real estate investment vehicles comprised of commercial properties located throughout the nation.
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