April 11, 2024

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WESTWOOD Economic ANNOUNCES Very first Expenditure Supplying WITH CROWDSTREET

LOS ANGELES, Aug. 29, 2022 /PRNewswire/ — Westwood Money, a primary retail true estate financial investment company, announced currently its 1st investment decision supplying with CrowdStreet, the nation’s most significant on line non-public equity real estate investing platform. Village at Peachtree Corners, a 100% leased grocery anchored neighborhood shopping center in Atlanta, is being mentioned on CrowdStreet’s Marketplace. “We are thrilled to husband or wife with CrowdStreet on this retail centre. The degree of owing diligence they performed on the investment decision and on Westwood Financial was of superior excellent, the two in depth and scope,” said Mark Bratt, Main Government Officer. “CrowdStreet can be a practical alternate as Westwood expands its existing trader foundation,” Mark extra.

The 88,850 square ft center was bought in February 2022 and capabilities national anchor tenants Lidl, the largest retailer in Europe, and PopShelf, a wholly owned subsidiary of Greenback Common. The house is found within just the affluent town of Peachtree Corners which is characterized by significant cash flow, properly-educated doing the job families, and is the most significant city in Gwinnett County. The heart attained 23,884 square feet of leasing velocity in just the initial 6 months of 2022, bringing the centre to 100% leased. “The blend of the asset’s perfect location and stable cash flow tends to make it an great expenditure option. In addition, we not only previously have the gain of a huge Atlanta portfolio, but also an knowledgeable leasing and assets administration staff in place at our Atlanta business office,” reported Lauren Ball, SVP and Head of Leasing.

Westwood will keep a bare minimum of 20% possession in the asset and is hunting to elevate about $6.1 million dollars of Membership passions with a minimum expense of $25,000 from accredited investors. Particulars of the financial commitment possibility are posted on CrowdStreet’s website and will be obtainable for 45 days or till the goal financial investment volume is attained. Offers will be approved right after the scheduled reside webinar with Westwood executives on September 8th, which will incorporate an overview of the opportunity and a Q&A session with opportunity traders.

About Westwood Monetary
Westwood Economic owns / manages and operates in excess of 124 superior-good quality buying facilities found in prime U.S. metropolitan marketplaces together with Atlanta, Charlotte, Dallas, Denver, Jacksonville, Los Angeles, Orlando, Phoenix, and Raleigh. The facilities are generally anchored by leading-tier grocers as properly as top services and experiential-based mostly operators. Recognized in 1970, Westwood Monetary is headquartered in Los Angeles, with regional workplaces in Atlanta, Dallas, and Scottsdale. Far more facts is readily available at www.westfin.com.

Get in touch with:
Brett Johnston
Vice President Operations/Investor Relations
[email protected]

Resource Westwood Money