RCG Ventures, LLC has completed its acquisition of a multi-tenant retail portfolio consisting of 59 properties, costing roughly $1.1 billion.
The real estate firm purchased the assets from Global Net Lease, Inc. (GNL). The deal contains equity investments from institutional firms, including Koch Real Estate Investments, Goldman Sachs Alternatives, and Ares Management Alternative Credit funds. It also has a loan facility from Truist and Key Bank.
"I believe this investment represents a differentiated opportunity to capitalize at scale on a high-quality, diversified retail real estate portfolio underpinned by strong market fundamentals," Joel Holsinger, partner, portfolio manager and co-head of alternative credit at Ares, said in a statement.
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