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Donahue Schriber locks in $200 mln

Donahue Schriber Realty Group, a real estate investment trust, has secured $200 million in equity funding. The investors were JP Morgan Asset Management and New York State Teacher’s Retirement System. The capital infusion will be used to acquire and redevelop grocery-anchored shopping malls in “high-barrier to entry markets” from San Diego to Seattle.


COSTA MESA, Calif.–(BUSINESS WIRE)–Donahue Schriber Realty Group (DSRG), a privately-held Real Estate Investment Trust (REIT) specializing in grocery-anchored shopping centers, has received a $200 million equity investment from institutional investors advised by J.P. Morgan Asset Management and from New York State Teachers’ Retirement System (NYSTRS). Each have provided $100 million in capital which will fund acquisitions and redevelopments focused on grocery-anchored shopping centers in high barrier to entry markets from San Diego to Seattle.

Since 2011, J.P. Morgan Asset Management-advised investors and NYSTRS have invested a total of $650 million of growth capital with Donahue Schriber. The privately-held REIT owns and operates over $3 billion in retail shopping center assets and is a recognized leader in the development, management, and leasing of neighborhood, community, and power centers.

“Our relationship with J.P. Morgan Asset Management and NYSTRS has been exceptional. We will be utilizing the additional $200 million equity investment to expand our existing portfolio throughout Coastal California and the Pacific Northwest. Our company’s strategy will remain focused on the grocery-anchored sector,” said Patrick S. Donahue, Chairman and Chief Executive Officer.

About Donahue Schriber Realty Group
Donahue Schriber is a privately-held Real Estate Investment Trust (REIT) with over 60 shopping centers representing over 11 million square feet of retail space throughout California, Oregon, and Washington. For more information:

About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than $120 billion in assets under management and over 800 professionals (as of June 30, 2017), we offer strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from 23 offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client’s specific objectives. For more information:

About New York State Teachers’ Retirement System
The New York State Teachers’ Retirement System provides retirement, disability and death benefits to eligible New York State public school teachers and administrators. NYSTRS is one of the 10-largest public retirement systems in the nation.