Garbe Institutional Capital is expanding its management platform for food-anchored retail real estate with the acquisition of German manager GRR Real Estate.
The deal involves Garbe taking over GRR Real Estate Management’s 80 team members and a portfolio of around 500 managed assets. Garbe, on behalf of an institutional fund, will also acquire 52 on-balance-sheet properties held by GRR as part of the transaction.
Financial details were undisclosed.
GRR Real Estate is an investment platform focused on the food-anchored retail real estate segment.
Source: realassets.ipe.com on the 21st of November