Dallas, TX, May 14, 2025 – Partners Capital, the investment platform of Partners Real Estate (“Partners”), announced today the acquisition of Kessler Hills Shopping Center, a 102,020-sq.-ft. shopping center located at 1050 N Westmoreland Rd in the Kessler Park neighborhood of Dallas, Texas. The 10-acre, two-building retail property is currently 98.6% occupied and is the fifth property to be acquired through Partners Capital’s Opportunity Fund V.

“Our acquisition of Kessler Hills Shopping Center further strengthens our DFW-area asset mix, adding another fundamentally sound retail center with significant value-add potential to our portfolio,” said Andrew Pappas, Partner and President of Partners Capital. “Its high occupancy rate and strong tenant mix offer immediate stable cash flow with considerable upside, achievable through Partners Capital’s proactive asset management and targeted capital improvement strategy.”

Kessler Hills Shopping Center is anchored by tenants like Colaw Fitness and United Education Institute, alongside other national retailers. Southwest Dallas is a rapidly transitioning submarket, with the Bishop Arts District undergoing a renaissance and attracting highly educated, high-income households. Retail vacancies have remained historically tight relative to the market average. The current vacancy rate is 4.9% as of the first quarter of 2025.

Partners Capital’s Asset Management team has identified several key initiatives to enhance the property’s appeal and financial performance. Plans include upgrading the retail frontage along Fort Worth Avenue, modernizing tenant signage, and enhancing the monument sign to improve curb appeal.

Brent Reed at Veritex Community Bank financed the acquisition. William Harrison of Harrison Property Brokerage, LLC represented Partners Capital and the Seller in the transaction.

Opportunity Fund V is Partners Capital’s current value-add fund focused on identifying and acquiring high-quality industrial, retail, and office assets in the major markets across Texas and the southeastern United States.

During the last eight years, Partners Capital has sponsored seven investment funds across three investment strategies and completed more than $600 million in transactions. Its current portfolio includes more than 1.4 million sq. ft. of properties throughout major markets in Texas and the Southeast.

Accredited investors can invest in Opportunity Fund V, and all of Partners Capital’s current offerings directly through the Partners Finance digital investment platform at https://precfinance.com/.

For additional information regarding Partners Capital or the Opportunity Fund platform, please contact Andrew Pappas at (713) 629-0500.