Partners Group invests $265m in U.S. property portfolio

Partners Group has invested $265 million in a portfolio of seven retail, mixed-use and development property assets in the United States on behalf of its clients. The investment was made via a secondary transaction involving the restructuring of an existing mature fund.

 “This investment is a great example of the opportunities that can be found in the U.S. secondary market currently due to the number of maturing real estate programs that require resolution,” said Fabian Neuenschwander, senior vice president, Private Real Estate Secondaries, Partners Group, in a statement.

The portfolio was part of a 2006-vintage program managed by Madison Marquette and includes retail centers in California and North Carolina totaling more than 1.03 million square feet of lettable area, and large-scale mixed-use waterfront development projects in Washington, D.C., and Asbury Park, N.J.

Partners Group will work with Madison Marquette to operate the asset