Baceline Group’s core income portfolio grows to 80 properties

Baceline Group, a boutique private real estate investment and management company with neighbourhood shopping centre holdings throughout the United States, has announced that its Core Income Fund has reached a new milestone of 80 properties in the portfolio representing more than USD390 million in assets under management.

Spanning 26 markets throughout the US and including more than 2.9 million-square-feet of retail space with nearly 1,000 local and national tenants, it is the largest and most diverse fund in Baceline’s history.

The most recent acquisitions include two properties in the greater St. Louis area, and one in Lansing, Kan. Astra Way, in Arnold, Mo, is a 13,467-SF retail centre located in a vibrant and high-exposure area near Jefferson College. Butler Hill Square is a 32,398-SF neighbourhood shopping centre in St Louis near a new medical centre, featuring both national and local tenants.

DaVita Center, in Lansing, became the portfolio’s 80th property earlier this month. Built in 2007, the 23,760-SF retail centre features a combination of community-focused businesses, including medical providers, financial and personal services, and restaurants.

“The energy and effort that everyone at Baceline Group has put forth to help us reach 80 neighbourhood shopping centre locations in our core income portfolio is a significant milestone and great achievement,” said Brian Capstick, Baceline Group president. “Despite a challenging 2020, we continued to push forward with our unique investment approach and remain focused on our goals of acquiring and optimising neighbourhood retail locations in prime markets.”

Baceline's real estate investment strategy focuses on neighbourhood shopping centres in markets throughout the United States that offer more value-rich quality real estate at opportunistic prices, and less competition, when compared to gateway and coastal cities.