Acquisition of The Market at Riverside

Deal value: $39,000,000

Acquisition of a grocery-anchored mixed-use property in Austin, TX, with 38,000 SF retail and 80 residential units, targeting stable cash flow and community engagement.

The acquisition targets stable cash flow and community engagement by investing in a grocery-anchored mixed-use property in Austin, TX. The core motivation is to capitalize on resilient demand for essential retail and multifamily housing, especially in growth markets like Austin. The strategic purpose is to secure predictable income streams and long-term value appreciation, leveraging the property's dual-use profile and anchor tenant stability. This investment is timely due to ongoing urbanization, demographic shifts favoring mixed-use developments, and investor appetite for inflation-hedged assets.