Published:
NDC Capital Partners Announces a Real Estate Co-Investment With MCRP Realty Investments
NDC Capital Partners LLC ("NDC") today
announced a co-investment with MCRP Realty Investments, LLC ("MCRP") for
the acquisition of Pennington Avenue Shopping Village, a four-year-old
grocery-anchored shopping center of 57,607 sf and a half-acre vacant
out-parcel. The property is located in Trenton, NJ within a state
re-development zone. The population within a three-mile radius of the
property is 158,000. The anchor tenant, Supremo Food Markets, Inc.,
occupies 45% of the space under a long term lease. MCRP will manage the
property.
About MCRP Realty Investments
MCRP Realty Investments currently owns and manages a portfolio of
multifamily and retail properties in New Jersey with value in excess of $5
million. Investments are made in properties that are well located and
exhibit value appreciation via rent increases, renovations, tenant
turnovers, strong management and market appreciation. MCRP maintains a
geographic focus in NY, NJ, and PA metropolitan markets, for investments in
the retail and multifamily properties. Peter Amari, partner with MCRP, is
a former executive at Capital Lease Funding Corp., a public REIT. He is
also president of Parkmont Capital LLC, an advisory firm for real estate
finance and investments that arranged the financing with Morgan Stanley.
This will be the first partnership the principals of NDC have ventured into
with MCRP.
About NDC Capital Partners
NDC is a private equity firm, investing capital in U.S. commercial real
estate assets and related entities through joint venture structures with
proven operating partners. NDC pursues a disciplined investment philosophy
that focuses on value-oriented strategies, including property renovation,
development, and repositioning. The foundation of NDC's investment platform
is an alignment of interest created through a co-investment partnership
with knowledgeable operating partners. A proven track record of producing
consistently high risk-adjusted returns supports this investment
philosophy.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,FinancialServices:Commercial and InvestmentBanking, FinancialServices:Insurance, FinancialServices:InvestmentServicesandTrading, FinancialServices:PersonalFinance, FinancialServices:RetailBanking, FinancialServices:VentureCapital, RealEstateandConstruction:CommercialRealEstate, RealEstateandConstruction:Construction, RealEstateandConstruction:ResidentialRealEstate, ,NY,NEW YORK, NY
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