Soor Essential Retail Venture

Various, USA

The Soor Essential Retail Venture is a joint venture partnership with CenterSquare Investment Management to aggregate a portfolio of institutional quality, Class A, “e-commerce resistant”, service retail assets located across the USA.

The JV targets the acquisitions of service retail assets, an alternative retail subsector focused on lifestyle essential services such as food & beverage, health & medical, beauty, and professional/business services. These service retail assets, often clustered in small- to medium-sized stand-alone neighborhood centers, require customers to visit the physical store to utilize the service, thus avoiding much of the widespread “brick and mortar” retail disruption caused by the proliferation of e-commerce. Moreover, many service retail tenants were deemed essential businesses and remained open throughout the COVID-19 pandemic. Service retail assets are designed to attract national, regional, and local tenants and are typically strategically located along highly trafficked roads on visible, well-lit major intersections.