RCG Closes $1.1B Retail Deal With Institutional Backing

RCG Ventures acquired 59 multi-tenant retail properties from Global Net Lease for $1.1B.
The deal includes equity from Koch Real Estate Investments, Goldman Sachs Alternatives, and Ares Management, plus debt financing from Truist and Key Bank.
An additional 41 properties are expected to close by the end of Q2 2025.
The acquisition more than doubles RCG’s retail portfolio across the US, focusing on shopping centers in high-growth markets.

Key Takeaways

Atlanta-based RCG Ventures has acquired a 59-property retail portfolio from Global Net Lease for approximately $1.1B, according to Globe St.

The purchase significantly expands RCG’s national presence and marks a major milestone for the firm’s retail investment strategy.

Institutional Backing

The deal is backed by equity from major institutional players, including Koch Real Estate Investments, Goldman Sachs Alternatives, and Ares Management’s Alternative Credit funds. Debt financing was arranged through Truist and Key Bank.

“We believe this is a unique opportunity to invest at scale in a high-quality retail portfolio supported by strong market fundamentals,” said Joel Holsinger, Partner and Co-Head of Alternative Credit at Ares.

More Deals in the Pipeline

This transaction represents the first phase of a larger deal. RCG expects to close on an additional 41 properties from Global Net Lease by the end of the second quarter, pending loan approvals and standard closing conditions.

Strategic Fit

RCG’s retail strategy focuses on shopping centers anchored by national brands in high-growth markets.

The firm typically targets properties over 50,000 SF, with price points ranging from $5M to $100M. Over the past two decades, RCG has acquired more than 250 retail assets across 30 states, investing nearly $2.7B.

Why It Matters

Despite economic uncertainty, retail real estate is proving resilient.

Consumer spending has remained strong into 2025, with Marcus & Millichap reporting record-low vacancies and rising rents. RCG’s move signals continued investor confidence in the sector.