Casey Cummings Of Ram Realty Advisors Acquires Retail Portfolio Across Southeast For $200M

Ram Realty Advisors acquired a retail portfolio consisting of seven grocery-anchored shopping centers located in Palm Beach Gardens, Orlando & Oakland Park FL; Durham & Holly Springs & NC; and Hilton Head Island, SC. The acquisition was valued at $200 million, encompassing a total of 600,000 square feet, translating to a price per square foot of $333. The portfolio boasts an impressive occupancy rate of 98.7%, featuring prominent anchors such as Whole Foods, Sprouts, The Fresh Market, and Harris Teeter.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $200,000,000
• Square Footage: 600,000
• Price per Square Foot: $333
• Buyer: Casey Cummings - Ram Realty Advisors
• Market Locations: Palm Beach Gardens, Orlando & Oakland Park FL; Durham & Holly Springs & NC; Hilton Head Island, SC

The transaction was executed off-market, highlighting the strategic acquisition approach by Ram Realty Advisors. Casey Cummings represented Ram Realty Advisors in the deal, facilitating this significant expansion into the retail market across various Southeastern locations.