HUNTINGTON BEACH, CA—Prudential Real Estate Investors and DJM Capital Partners, have formed a joint venture to own and manage Bella Terra Shopping Center here. DJM has owned and operated the center since 2005.
PREI is the real estate investment management and advisory business of publicly-taded Prudential Financial, Inc. DJM Capital is a private equity investment, development and asset management services firm specializing in retail real estate.
As part of the transaction, Prudential Real Estate Investors (PREI) acquired about a 75% stake in the class-A, 840,909 square-foot outdoor retail center with an affiliate of DJM Capital Partners retaining about a 25% stake. DJM Capital Partners' prior partner, an institutional investor advised by Sarofim Realty Advisors, sold its interest to PREI.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
