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NEWS ROUNDUP
DISPOSITION: Finmarc sells 383K SF Capital Marketplace in Raleigh for $80.6M. Bethesda, Maryland-based Finmarc Management Inc. sold Capital Marketplace, a 383,000 SF power center on 53 acres along U.S. Route 1 in Raleigh, North Carolina, to Principal Financial Group for $80.625 million. Built in 2006, the center’s major tenants include Bob’s Discount Furniture, BJ’s Wholesale Club, Burlington, Dollar Tree, LA Fitness, and ParTee Shack. The property was 97.5% occupied during Finmarc’s ownership, up from 91% when the firm acquired it in late 2021 for $58 million. Adam Russ, Erin Varol, Ryan Sciullo and Casey Smith of CBRE represented Finmarc in the sale.
ACQUISITION: Mazaheri Properties, Champion Hotels buy 416,766 SF University Town Center in Norman for $82.25M. Mazaheri Properties and Champion Hotels acquired University Town Center, a 416,766 SF retail power center in Norman, Oklahoma, for $82.25 million, or approximately $197 per square foot, from The Rainier Companies. Built in 2009, the center was 99% leased at the time of sale and is shadow-anchored by SuperTarget and Crest Foods. Major tenants include Academy Sports + Outdoors, Kohl’s, Ulta Beauty, TJ Maxx, HomeGoods, Michaels, DSW, Petco and Office Depot. David Disney and Adam Crockett of Disney Investment Group represented the seller and procured the buyer, while Phillip Mazaheri of Price Edwards & Company represented the buyer. The buyer group includes Fred Mazaheri, Champ Patel, Shirish Patel and Phillip Mazaheri. Mazaheri Properties will operate and manage the property under UTC Partners LLC.
ACQUISITION: CJ Park & Associates buys 22,198 SF Harbor Central in West Sacramento for $6.2M. A subsidiary of Los Angeles-based CJ Park & Associates acquired Harbor Central, a 22,198 SF neighborhood retail center at 805–831 Harbor Blvd. in West Sacramento, California, for $6.2 million, or approximately $279 per square foot. The seller was Harbor Corners LLC. Built in 1992 on 1.7 acres, the center is anchored by Vista Paint, Domino’s Pizza, Subway, and Raku Sushi. Randy Getz and Rick Martinez of CBRE represented the seller. The transaction was closed on May 11, 2026.
FINANCING: Sterling Organization secures $18.42M loan for 91K SF Convery Plaza in Perth Amboy. Sterling Organization secured an $18.42 million loan from Nationwide for Convery Plaza, a 91,280 SF grocery-anchored shopping center at 365 Convery Blvd. in Perth Amboy, New Jersey. The center is anchored by a 60,665 SF ShopRite and was fully occupied by 15 tenants at the time of financing, with a 6.1-year weighted-average lease term. The 8.9-acre property also includes an outparcel building completed in 2022 that houses Dunkin’ and MetroDoc Urgent Care. CBRE’s Richard Henry, Mike Ryan, Blake Cohen and JP Cordeiro arranged the financing on behalf of Sterling Organization.
FUNDRAISING: Whitestone REIT faced three shareholder complaints over Ares Merger disclosures before $1.7B take-private. Whitestone REIT disclosed that three shareholder complaints had been filed challenging disclosures related to its $1.7 billion acquisition by Ares-affiliated funds, which valued Whitestone shares at $19 each. In a July 1, 2026, SEC filing, Whitestone also reported receiving 12 demand letters alleging disclosure deficiencies. The complaints were filed in New York state courts in June. Whitestone denied the allegations and said it voluntarily supplemented its merger proxy disclosures to avoid litigation costs and potential delays. Shareholders approved the acquisition on July 9, and Ares completed the transaction on July 14, taking the shopping center owner private.
ANALYSIS: Private Equity acquires publicly traded REITs, including Whitestone and Sila. Private equity-backed investors have completed several major take-private transactions involving publicly traded real estate investment trusts. Ares Management completed its approximately $1.7 billion acquisition of Whitestone REIT in July 2026, paying $19 per share. Blue Owl Capital also completed its approximately $2.4 billion acquisition of Sila Realty Trust in July, paying $30.38 per share. The transactions illustrate private capital’s continued role in consolidating publicly traded real estate companies. Separately, Bain Capital and 11North Partners announced a capital raise of up to $1.6 billion in December 2025 to invest alongside their co-owned open-air retail platform, reflecting institutional investment in retail real estate, although that raise was not a REIT acquisition.
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