ATLANTA, GA–The Shopping Center Group has acquired Connecticut-based real estate investment management firm Hart Realty Advisers to expand its Real Estate Advisory Services platform. This comes in response to an industry-wide trend of real estate pension fund plan sponsors to align with a vertically integrated platform in deploying significant capital in separate accounts.
“The Shopping Center Group's acquisition of Hart leverages the knowledge base of two of the most respected retail real estate teams to offer investors a single-source for asset optimization with proven proficiencies,” says Sam Latone, co-CEO and president, The Shopping Center Group. “Not only do we deliver a more streamlined operational structure, our investment team is now equipped with a distinct competitive advantage to achieving client investment objectives.” Since its formation, Hart has acquired more than $2 billion of real estate.
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