Greenberg Gibbons Commits to Acquire $100 Million in U.S. Shopping Centers

Owings Mills, Md. — Greenberg Gibbons has launched a $100 million private equity fund with the goal of acquiring shopping centers throughout the East Coast, Southeast and Midwest. The Greenberg Gibbons Real Estate Income Fund officially closed last month with the majority of equity committed and will be finalized during the second quarter of 2021. With the addition of a co-investment vehicle, the fund will have the capacity to acquire up to $300 million in assets.

Greenberg Gibbons CEO Brian Gibbons notes that plans for the fund have been in the works for more than a year but were accelerated due to the coronavirus pandemic.

The company is seeking strategic investments with a focus on essential retail-driven shopping centers, including value-add grocery-anchored properties and neighborhood and power centers with the potential to be revitalized through the repositioning of retail spaces, property upgrades, the development of additional uses and operational improvements.

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