Cohen & Steers Acquires Oak Hill Plaza Retail Center in Austin
1 report, 1 independent
Updated Sep 1
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What happened
Cohen & Steers acquired Oak Hill Plaza, a retail center located in southwest Austin. The acquisition was made on August 31 alongside Trademark Property Company. Cohen & Steers, which manages over $100 billion in assets, utilized this purchase to expand its real estate holdings.
From insidermonkey.com
Why it matters
The purchase aligns with Cohen & Steers' strategy of capturing fee-based income through specialized real asset investments. The property, which is 92.5 percent occupied, adds to the company's real estate portfolio.
From insidermonkey.com
Who's involved
- Cohen & SteersAmerican investment management company that acquired the retail center
- AutoZoneretailer of aftermarket automotive parts and tenant in the acquired property
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The entities involved
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Austin
seat of Travis County, and capital of the State of Texas