Acadia Realty Trust's Investment Management business, in a joint venture with funds managed by the Private Real Estate Group of Cohen & Steers, acquired The Walk at Highwoods. This property is an open-air community shopping center located in Tampa, Florida.
This acquisition aligns with Acadia's dual-platform approach, which includes an Investment Management segment targeting opportunistic and value-add investments. The joint venture allows Acadia to expand its footprint in the retail real estate market.
The investment in an open-air community shopping center in Tampa demonstrates Acadia's strategy to diversify its portfolio while maintaining its focus on retail properties. This move is expected to contribute to the company's long-term growth objectives.
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