Atlanta — Atlanta-based RCG Ventures (RCG) has completed the acquisition of a $1.8 billion multi-tenant retail portfolio from Global Net Lease (GNL). The three-phase transaction included 99 properties across 28 states, totaling more than 14 million square feet. The acquisition was initiated earlier this year, backed by equity investments from institutional partners including Ares Management, Koch Real Estate Investments and Goldman Sachs Alternatives. This brings RCG’s portfolio to more than 130 retail properties in the U.S.
Truist Securities Inc. served as RCG Ventures’ financial advisor, while KeyBank Institutional Real Estate provided committed financing. McGuireWoods LLP and King & Spalding LLP provided legal counsel to RCG, with Gibson Avenue Capital LLC also serving as an advisor.