ORLANDO—CommerCenters is a small-town firm known for developing flex warehouse distribution centers in Central Florida. Now, the company is making a move to focus on private equity funds and investments that target commercial real estate assets and associated service companies.
CommerCenters has developed more than 1.5 million square feet of industrial space in six Central Florida locations. But George Livingston, a principal of CommerCenters and chairman of NAI Realvest Development in Maitland, is working to diversity its investment portfolio across several property types with multiple developers and investor partners.
In what marks a significant departure from its core strategy, CommerCenters funds will invest in multifamily properties driven by work force and population growth, senior housing and assisted living facilities, and new medical facilities, especially those that are age-related.
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