DENVER-Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that NewQuest Epic Investments has closed on a $75 million joint venture with a $4 billion private equity real estate firm to purchase value-add grocery-anchored and power retail properties.
The $75 million equity placement is to be deployed over the next 12 to 18 months as the venture pursues retail opportunities in the top 60 markets, select college towns and resort communities nationwide. Cassidy Turley's Structured Finance team of Beth Lambert-Saul, executive managing director, and Diego Arroyave, senior vice president, arranged the joint venture equity on behalf of NewQuest Epic Investments.
“NewQuest Epic's track record, relationships and ability to source investments created strong interest from real estate firms wanting to establish a long term relationship with a 'best in class' partner in the retail sector,” said Lambert-Saul.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
