Cohen & Steers Income Opportunities REIT, Inc. Acquires Publix-Anchored Shopping Center in Orlando, FL with Phillips Edison & Company
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Last update: Jan 21, 2025
NEW YORK, Jan. 21, 2025 /PRNewswire/ -- Cohen & Steers Income Opportunities REIT, Inc. ("CNSREIT") announced today its acquisition of Oak Grove Shoppes, a grocery-anchored shopping center in Orlando, Florida, with Phillips Edison & Company (NASDAQ: PECO – "PECO"), a publicly-traded owner and operator of grocery-anchored shopping centers in the U.S. This is the second acquisition in a programmatic joint venture targeting $300 million in equity and owned 80% by CNSREIT and 20% by PECO. The joint venture is focused on acquiring open-air, grocery-anchored shopping centers and leverages PECO's deep sector expertise.
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