Costa Mesa, Calif. — Each investor has provided $125 million in capital.
Donahue Schriber Realty Group, has received a $250 million equity investment from institutional investors advised by J.P. Morgan Asset Management and New York State Teachers’ Retirement System. Each has provided Donahue Schriber with $125 million in capital, which will fund acquisitions focused on grocery-anchored neighborhood and community shopping centers, as well as power centers in high barriers-to entry-markets along coastal California to the Pacific Northwest.
This equity comes on the heels of Donahue Schriber acquiring three properties in the past 60 days: Village Oaks Shopping Center, a 320,000-square-foot center anchored by Target and Safeway located in San Jose, California; Gilman Village, a 91,300-square-foot Whole Foods Market-anchored center in Berkeley, California; and Westgate North, a Safeway-anchored center in the greater Seattle area.