DENVER—Baceline Investments, LLC, a boutique private equity real estate investment and management company with retail holdings throughout the central United States, has completed its largest real estate transaction. Baceline has acquired a portfolio of 10 neighborhood retail centers, totaling approximately 418,000 square feet, located throughout the Midwest and south central part of the United States for about $33.3 million.

“The portfolio acquisition is a high water mark for Baceline Investments and takes our holdings to more than 2 million square feet,” said David Puchi, the firm's managing partner. “It validates our ability to purchase retail properties in the Heartland that fit our High-Yield Income Strategy and elevates our firm to an entirely new level. By staying true to our 'Heartland' strategy we have a proven track record of discovering real estate value in locations that are generally overlooked by many institutional investors.”

The portfolio will be part of Baceline's High-Yield Income Strategy, designed to produce substantial income through the ownership of stable cash flowing commercial real estate. Baceline's High-Yield Income Strategy, launched earlier this year with the acquisition of Westgate Shopping Center in Little Rock, Ark., is one of three investment vehicles sponsored by the firm.