RCG Ventures Announces the Final Close of $1.8 Billion Multi-Tenant Retail Portfolio Acquisition from Global Net Lease
RCG Ventures Announces the Final Close of $1.8 Billion Multi-Tenant Retail Portfolio Acquisition from Global Net Lease |
| [23-June-2025] |
Final Close More Than Doubles RCG's Footprint, Expanding Portfolio to More Than 130 Retail Properties Transaction Received Support from Ares Management, Koch Real Estate Investments and Other Institutional Equity Partners ATLANTA, June 23, 2025 /PRNewswire/ -- RCG Ventures, LLC ("RCG" or the "Firm"), the vertically-integrated retail real estate investment arm of Argonne Capital Group ("Argonne Capital") that specializes in the acquisition, development, leasing, management and financing of multi-tenant real estate assets, today announced the final close of a $1.8 billion multi-tenant retail portfolio consisting of 99 properties (the "Portfolio") from Global Net Lease, Inc. ("GNL"). The portfolio represents more than 14 million square feet across 28 states and brings RCG's total portfolio to more than 130 retail properties across the U.S. "We are pleased to have successfully completed this transformative transaction with the continued support of our dedicated institutional partners," said Michael A. Klump, Founder and Chairman of RCG Ventures and Argonne Capital. "This transaction expands our portfolio of shopping centers across the U.S., and further underscores our strong conviction in the resilience and long-term potential of multi-tenant retail. By combining the expertise of our in-house property management and leasing teams with our decades of retail investing experience, we are confident in our ability to successfully execute our strategy for these well-located properties." With the completion of this transaction, RCG has deployed approximately $3.4 billion across a portfolio of 282 properties, representing 36.2 million square feet across 34 states, since inception in 2003. This continued growth reflects the firm's disciplined investment approach and long-standing commitment to the multi-tenant retail sector. For more than two decades, RCG has focused on acquiring shopping centers anchored by leading national retailers in high-growth markets. Truist Securities, Inc. served as a financial advisor to RCG Ventures and, along with KeyBank Institutional Real Estate, provided committed financing for the transaction. McGuireWoods LLP provided legal counsel to RCG Ventures in respect to the real estate acquisition and financing matters and King & Spalding LLP provided legal counsel to RCG Ventures in respect of fund formation and transaction-related matters. Gibson Avenue Capital, LLC also served as an advisor to RCG Ventures. About RCG Ventures About Global Net Lease, Inc. Contacts For RCG Ventures For Global Net Lease
SOURCE RCG Ventures, LLC | ||
Company Codes: NYSE:GNL |
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