Acquisition of The Shops at Willow Bend Residences

Deal value: $67,000,000

Acquisition of a shopping center in Plano, Texas, with 85,000 SF retail and 140 residential units, targeting adaptive reuse and increased foot traffic.

The core investment motivation is to capitalize on the adaptive reuse of underperforming retail assets by transforming The Shops at Willow Bend into a vibrant mixed-use destination. The strategic purpose is to unlock value through densification—adding residential units and modern amenities—while leveraging Plano’s strong demographics and high household incomes. This investment is driven by the belief that experiential, mixed-use environments will outperform traditional malls in the evolving retail landscape, especially in affluent, high-growth suburban markets.