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Acquisition marks the first for Partners Capital’s Opportunity Fund V

Houston, TX, October 17, 2023 – Partners Capital, the investment platform of Partners Real Estate—one of the largest independent commercial real estate firms in Texas—announced it acquired Westcliff Shopping Center, a 134,750-sq.-ft. grocery-anchored shopping center located at 3458-3580 S. Hills Avenue in Fort Worth, Texas. The property is the first property to be acquired through Partners Capital’s Opportunity Fund V, which launched in Q2 2023, and is also the platform’s first property acquisition in North Texas.

“We are thrilled to expand our footprint into North Texas with the acquisition of Westcliff Shopping Center. We believe that through meticulous management and thoughtful enhancements, Westcliff Shopping Center will be positioned to meet the evolving needs of the local community,” said Adam Hawkins, Partner – Opportunity Funds.

“This strategic move not only diversifies our portfolio geographically but also allows us to tap into the robust and dynamic market of Fort Worth. The acquisition stands as a testament to our commitment to identifying and investing in properties that offer unique value propositions and growth opportunities for our investors,” added Andrew Pappas, President of Partners Capital.

Partners Capital’s Jess Dickie, who joined the firm in April to source new acquisitions in the North Texas area, was crucial in the negotiation, due diligence, and closing of Westcliff Shopping Center.

Partners Capital financed the acquisition with Independent Financial.

Partners Opportunity Fund V is Partners Capital’s latest 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. Accredited investors can invest in Opportunity Fund V, and all of Partners Capital’s current offerings directly through the Partners Finance digital investment platform. Partners Finance launched earlier this year and provides a simplified and more streamlined approach to investing in Commercial Real Estate.

During the last seven years, Partners Capital has sponsored seven investment funds across three investment strategies and completed more than $500 million in transaction volume. Its current portfolio comprises more than 1.4 million sq. ft. of properties located throughout Texas’ major markets.

For additional information regarding Partners Capital, please contact Andrew Pappas at 713.629.0500. For new Opportunity Fund acquisition or disposition opportunities, please contact Adam Hawkins at 713.985.4604 or via email at [email protected].

For more information, please contact Ash Harley-Majic, Marketing & Communications Manager, at 713.275.9641.