Curbline Properties Corp. completed a $75.5 million at‑the‑market equity offering and acquired 10 convenience shopping centers for $134.5 million, bringing its portfolio to 77 properties and a cumulative acquisition value of $749.7 million year‑to‑date.
The 10 new centers were purchased in high‑traffic suburban markets, reinforcing Curbline’s strategy of targeting high‑demographic, high‑vehicle‑traffic sites. The acquisitions add 1,200 sq ft of retail space and 1,500 sq ft of parking, expanding the company’s footprint in the Midwest and Southeast regions.
The ATM program sold 3.3 million shares on a forward basis, generating $75.5 million in gross proceeds. In addition, the company expects $200 million in proceeds from a previously announced private placement to be received around year‑end, providing further liquidity for 2026 acquisitions.
CEO David R. Lukes said the accelerated acquisition pace reflects strong demand for convenience centers in suburban corridors and the company’s ability to close deals quickly. He added that the ATM proceeds, combined with the private‑placement funds, will give Curbline the flexibility to pursue high‑return opportunities in 2026.
The capital raise strengthens Curbline’s balance sheet, increasing cash reserves and reducing leverage. With the new liquidity, the company can target additional properties without relying on external debt, positioning it to capture market share in a fragmented industry.
Lukes emphasized that the company remains focused on scaling its exclusive convenience‑center portfolio and that the recent capital markets activity signals confidence in continued growth and operational execution.
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