Acquisition of The Grove at Southlake

United States

Deal value: $91,000,000

Purchase of a shopping center undergoing redevelopment to add 120 residential units above 38,000 SF of retail in Southlake, TX.

The core investment motivation is to capitalize on the redevelopment of a well-located shopping center in Southlake, TX, transforming it into a mixed-use asset with 120 residential units above 38,000 SF of retail. This reflects a belief in the value of urban infill, live-work-play environments, and the resilience of retail anchored by residential demand. The timing is driven by demographic growth in suburban Dallas-Fort Worth and a shift toward experiential retail and integrated living spaces.