Press Release brought to you by Acquire Real Estate

Acquire Real Estate Completes Crowdfunding at Pompano Marketplace in Pompano Beach, Florida


Acquire Real Estate, a leading real estate crowd investing platform, recently partnered with Katz Properties to provide an investment opportunity in Pompano Marketplace, a 238,800 SF fully occupied retail center located in Pompano Beach, Florida.

The crowd investing project closed quickly, attracting more than 15 Accredited Investors from across the U.S. that contributed between $10,000 and over $125,000 in investments.

Acquire Real Estate pre-funded a $369,000 investment in the property, a $52-million retail center fully occupied by Wal-Mart Neighborhood Market, Stein Mart, Beall’s Outlet Store and Ross Dress for Less. Acquire investors are projected to receive average annual returns of between 7 and 8 percent paid quarterly over a 5- to 10-year term.

"Acquire pursues stable, income-producing investment opportunities managed by top national Sponsors,” said Steven Bettinger, CEO of Acquire Real Estate. “In Pompano Marketplace we found exactly that, and were able to offer a smart long-term investment to our Members."    

Katz Properties, a full-service real estate investment company, purchased Pompano Marketplace in March of 2015 for $46.8 million. The company primarily focuses on the acquisition and operation of grocery-anchored shopping centers and currently has under management more than 3.2 million square feet of commercial property.

Pompano Marketplace is a popular community shopping center located along Florida’s South Federal Highway. Investors were drawn to the strong-performing center due to its mix of anchor, restaurant and shop tenants as well as its location in the highly developed South Florida market. Anchor tenant Wal-Mart, whose lease runs through 2026, achieves over $35 million in sales at the property each year, making Pompano Marketplace one of the strongest-performing shopping centers in the area.

Acquire has a track record of crowdfunding success with strong-performing retail centers including investments in Sunshine Plaza in Tamarac, Florida and Middlebury Commons in Middlebury, Vermont. The company also recently closed its first hotel offering—the DoubleTree by Hilton Dallas-Fort Worth Airport—and is currently offering an investment opportunity in Randhurst Village, a Class A lifestyle center in Mount Prospect, Illinois and one of the largest crowd investing projects in the Midwest.

Acquire’s platform features a collection of income-producing properties from top sponsors that are first pre-screened and then pre-funded by Acquire. By pre-funding its share of deals with its own capital, Acquire aligns its interests with its investors and eliminates funding risk to its Sponsors.

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11/30/2015 - 18:15


Acquire Real Estate

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