Donahue Schriber Secures $100 M in Growth Capital

COSTA MESA, CA—Donahue Schriber Chairman and CEO, Patrick S. Donahue, says the company’s major investors, the New York State Teachers’ Retirement System and J.P. Morgan Strategic Property Fund have approved an additional $100 million common equity investment for growth capital.   The money will be utilized to help fund the Company’s strategic growth plans over the next three to five years.  Donahue Schriber celebrated a banner year in 2012 with solid property performance, the disposition of $250 million of non-strategic assets and the acquisition of four shopping centers valued at over $200 million, and ended the year with a strong balance sheet.  The Company remains focused on expanding its holdings of grocery-anchored shopping centers in high barrier-to-entry, supply constrained markets on the West Coast.