Next Realty Expands its Reach Through Local Partners

Stony Point Shopping Center in Richmond, VA, was one of the first purchases completed through the Next Equity Program.

CHICAGO—It’s getting more challenging to find attractive retail deals in the US, and some firms are adopting new strategies. Next Realty, LLC, for example, a Northbrook, IL-based firm, has decided to expand its Next Equity Program, an effort to acquire real estate by providing equity to local partners in select markets throughout the US.

Founded in 1998, Next Realty historically has acquired retail centers and net leased properties, parking facilities and development sites ranging from $5 million to $50 million, having invested over $125 million in equity since inception. In its Next Equity Program, Next will provide up to 90% equity up to $10 million for retail acquisitions.