(HOUSTON, TX) – Rycore Capital, on behalf of a Houston investor, acquired a ~15,000 Class A multi-tenant retail property in Waco, Texas. The acquisition was completed through its direct investment advisory business.
Rycore Capital will provide asset management services to the new venture and advise on operating and financial matters. The property is single-story multi-tenant retail strip center with an array of e-commerce resistant tenants serving the surrounding Waco area.
“We are pleased to have executed on this acquisition, offering access to a stabilized retail asset located in an excellent location in Waco. The property fit with the investment objectives and should provide income and diversification benefits”, said Drew Zahora, Senior Director of Investments.
About Rycore Capital LP
Rycore Capital LP (the “Firm”) is a Houston-based real estate investment manager, focused on acquiring, leasing and managing income producing properties that deliver superior real estate solutions to our tenants while providing our investment partners with some of the most consistent value-add, core-plus and core returns. The Firm offers two investment platforms to investors: Fund Management and Direct Investment Advisory. The Firm aims to provide a solution with its institutional quality real estate investment management process to high net worth, family office and institutional investors. For more information regarding Rycore, visit the Company’s website at www.rycorecapital.com.