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Walgreens Locations in Texas, Florida, Ohio, West Virginia, Virginia |
Rida Development Corporation is among the largest NNN landlords in Central and Eastern Europe, as managing partner in partnership with AREA Property Partners of a portfolio in excess on 11 million square feet.
AEW Capital Management LP and RIDA Development Corporation have launched a joint venture to build an investment portfolio of triple net real estate. RIDA will act as the operating partner of the joint venture, acquiring the properties, while AEW will take on the role of financial partner. The venture has already acquired $30 million in property, and anticipates growing the portfolio by an additional $50 million in 2011. "When we decided to act on the opportunities we were seeing in domestic NNN retail, we knew we would need a dynamic, fast acting, partner for the acquisitions and management because of the margins and market efficiencies. Naturally, we thought of AEW, and within a few short months of our first meeting, we had executed an agreement and closed on five properties across the country." explained Ira Mitzner, President of RIDA Development.
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Roadrunner Food Services Albuquerque, New Mexico |
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Real Hypermarket
Gdansk, Poland |
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Kaufhof Department Store, Witten Germany |
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Real Hypermarket Lublin, Poland |
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