LEXINGTON, Ky. (Jan. 23, 2014) – BC Wood Properties announces the acquisition of a retail shopping center portfolio. The off-market transaction included 8 retail centers located in 6 Midwest and Southeast states comprising over 1.1 million s.f.
The properties were purchased for the benefit of BC Wood Real Estate Fund, LP, the company’s first sponsored private equity fund. The Fund has acquired 11 properties comprising 1.55 million sf. since opening to investors in October 2012. The portfolio contains a blend of national anchor retail tenants and grocer anchored properties.
BC Wood Properties is in its 20th year of business and focuses exclusively on the acquisition and operation of value-add retail shopping centers. The company handles all leasing, property management and construction internally.
“Our ability to source value-add properties within our discipline and utilize our hands on operating platform enables us to efficiently meet the expectations of both our retail tenants and our partners,” said company founder Brian Wood.
“BC Wood Properties stands for growth, performance and value,” he said. “We acquire and revitalize established, well-located shopping centers that serve middle-class Americans and use our platform to generate consistent and reliable risk adjusted returns.”
BC Wood Properties, founded in 1994, owns and operates over 5 million s.f. of retail real estate, and has consistently ranked in the “Top 75” of all U.S. shopping center owners based on portfolio size by Retail Traffic Magazine.
news from across Kentucky
Hartford gets $800,000 grant for sewer rehabilitation project
Current sewer lines were built in 1930s and 1960s