EVANSVILLE, IN. — Regency Properties, a commercial real estate company specializing in county seat communities, has launched its second investment vehicle to raise $50 million for the acquisition of retail real estate shopping centers in county seat communities.
Regency Commercial Associates launched RCA CSP Fund II on July 21, 2022. As of the first close date, August 11, 2022, Regency has secured investments of $9.5 million. RCA plans to deploy the capital to purchase shopping centers that include essential retail tenants that meet their successful acquisition criteria in county seat communities. These markets tend to be overlooked by larger real estate investors due to their smaller size and specialized management demands. Physical retail real estate continues to be a foundation of retail sales as the market evolved in the consumer cycle. Even online dominant retailers are stating the importance of brick-and-mortar stores. The combination of essential retail, loyal local communities, and the need for brick and mortar is where Regency find’s success in their shopping centers.
“We are grateful for the support that we have received from our investors, “said Kevin Hammett, President & CEO. “As we continue to execute our strategy and invest on behalf of the fund, we will utilize our core strengths – operational expertise, passion to enhance the communities/shopping centers, and the commitment to quality and service to tenants and consumers, that have served our investors through our company’s history.”