Donahue Schriber Realty Group Receives $200 Million Equity Investment from J.P. Morgan and New York State Teachers’ Retirement System
Donahue Schriber Realty Group (DSRG), a privately-held Real Estate Investment Trust (REIT) specializing in grocery-anchored shopping centers, has received a $200 million equity investment from institutional investors advised by J.P. Morgan Asset Management and from New York State Teachers’ Retirement System (NYSTRS). Each have provided $100 million in capital which will fund acquisitions and redevelopments focused on grocery-anchored shopping centers in high barrier to entry markets from San Diego to Seattle.
Since 2011, J.P. Morgan Asset Management-advised investors and NYSTRS have invested a total of $650 million of growth capital with Donahue Schriber. The privately-held REIT owns and operates over $3 billion in retail shopping center assets and is a recognized leader in the development, management, and leasing of neighborhood, community, and power centers.
“Our relationship with J.P. Morgan Asset Management and NYSTRS has been exceptional. We will be utilizing the additional $200 million equity investment to expand our existing portfolio throughout Coastal California and the Pacific Northwest. Our company’s strategy will remain focused on the grocery-anchored sector,” said Patrick S. Donahue, Chairman and Chief Executive Officer.
About Donahue Schriber Realty Group
Donahue Schriber Realty Group is a privately-held Real Estate Investment Trust (REIT) with 65 shopping centers representing over 11.5 million square feet of retail space throughout California, Nevada, Oregon, and Washington. For more information about the company, visit www.DonahueSchriber.com.