Shannon Waltchack (SW) is pleased to announce a partnership with a $10 billion+ university endowment. This collaboration will empower SW to acquire an additional $300 million of unanchored neighborhood centers across the United States in the coming years, which will support and assist Shannon Waltchack in their goal of reaching $1 billion under management by 2030.
“We are honored to have earned the trust of a world-class institution, providing us a remarkable opportunity to expand our platform and portfolio in this burgeoning asset class. The confidence given to us by our new partner will allow us to take SW to the next level,” said Shannon Waltchack President and Partner, Andrew Patterson, CCIM, CPM.
Shannon Waltchack has developed a national reputation in the marketplace for being an exceptional owner and operator of neighborhood centers and has built a robust operating platform and network of broker and principal relationships throughout the U.S.
“The acquisition team will be actively engaged in sourcing and acquiring centers for the foreseeable future. Our increased buying power will enable us to double the size of our neighborhood shopping center portfolio,” said Partner Derek Waltchack.
This institutional support will be focused on Shannon Waltchack’s strategy of investing in neighborhood shopping centers within densely populated, growing communities across the country.
“We understand that the dynamic landscape of commercial real estate and capital markets requires adaptability and a forward-thinking approach, and our team is well-equipped to meet these challenges head-on. We are confident this partnership and our collective knowledge will drive success for Shannon Waltchack and deliver optimal returns.” Tyler Hose, VP of Investments, Partner.
