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$103M Resort Retail Portfolio Changes Hands

November 7, 2016

$103M Resort Retail Portfolio Changes Hands

November 7, 2016 | by Keith Loria  | Commercial Property Executive

CNL Lifestyle Properties has sold a seven-property portfolio of trophy retail assets located within luxury resorts in the U.S. and Canada.
Straton Village

Straton Village

Fort Lauderdale, Fla.—A private real estate consortium between The Imperium Cos., MMG Equity Partners and Blue River Family Office Partners has acquired a seven-property portfolio of international trophy retail assets located within luxury resorts, from CNL Lifestyle Properties, for $103 million.

The portfolio consists of 423,482 square feet of ground-floor retail, in the mixed-use villages of six ski resorts and one golf and beach resort, in the United States and Canada.

Marcus & Millichap arranged the transaction.

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