CONSHOHOCKEN, PA — CenterSquare Investment Management has entered a joint venture with one of the nation’s largest state pension funds to accelerate growth in the Essential Service Retail (ESR) sector. The partnership plans to acquire 30 to 40 additional properties by the end of 2026, aiming to institutionalize this niche market and expand CenterSquare’s ESR strategy.
The ESR portfolio focuses on high-quality, e-commerce-resistant properties that provide essential services like grocery, healthcare, and fitness. These neighborhood shopping centers are strategically located in high-growth markets and feature tenants from well-known regional and national brands, ensuring steady customer foot traffic.
CenterSquare already holds 50 ESR properties across the U.S. and intends to nearly double that number over the next two years with this collaboration. Using a data-driven investment approach, the company identifies opportunities with competitive pricing to maximize returns in this resilient retail sector.
This partnership marks a significant step in advancing CenterSquare’s vision for the ESR market, providing services tailored to consumers’ everyday needs while building a robust national portfolio.
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