DENVER — Baceline Investments, LLC, a Denver-based boutique private equity real estate investment and management company with neighborhood shopping center holdings throughout the Central United States, has announced that its core income portfolio has surpassed $200 million in asset total with the recent acquisition of Woodlands Market in Menomonee Falls, Wisc.
Founded in 2003, Baceline’s targeted core income strategy focuses on holdings in the country’s midsection and is designed to benefit investors who seek to earn consistent and higher levels of distributable income. The properties are multi-tenanted neighborhood and community shopping centers that provide everyday goods and services and are internet and recession resistant.
With the addition of Woodlands Market, the portfolio includes 39 properties in 21 Heartland markets. It includes more than 425 tenants and 1.5 million leasable square feet.
Woodlands Market is a 19,433-square-foot retail property accommodating a variety of tenant types and sizes. Baceline purchased the retail location for $2.710 million.
“We are proud to reach such a significant milestone,” said David Puchi, Baceline’s managing partner. “As the largest portfolio in Baceline’s history, the continued growth of the core income fund speaks to our commitment to a strategic and unique approach. It has allowed us to expand and diversify within communities that offer unlocked potential.”
