NEW YORK--(BUSINESS WIRE)--
Deutsche Asset & Wealth Management (DeAWM) today announced the acquisition of Shops Around Lenox in Atlanta, Georgia.
Shops Around Lenox is comprised of over 120,000 square feet of retail space located in the Buckhead submarket of Atlanta, Georgia.
“We are pleased to acquire Shops Around Lenox which is consistent with our strategy of purchasing high-quality urban retail for our clients," said Todd Henderson, Head of Real Estate, Americas at Deutsche Asset & Wealth Management. “The asset is located in the dynamic Buckhead submarket of Atlanta and benefits greatly from the area’s strong demographics and its adjacency to Lenox Mall. We believe the asset is unique in that it will provide both stable income and opportunities for outsized capital appreciation in the future."
Deutsche Asset & Wealth Management – Real Estate
Deutsche Asset & Wealth Management’s real estate investment business (formerly RREEF Real Estate) has been investing in real estate assets for more than 40 years. As part of the Alternatives and Real Assets platform, this business today has more than 450 employees around the world and US$47.3 /€34.9 billion1 in assets under management as of September 30, 2013, and offers a diverse range of strategies and solutions across the risk/return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans, and private clients worldwide. To learn more about Deutsche Asset & Wealth Management's real estate investment capabilities, go to www.rreef.com.
¹ Excludes infrastructure securities assets under management, which were previously reported under the RREEF Real Estate business.
Deutsche Asset & Wealth Management
With $1.26 trillion of assets under management (as of Sep 30, 2013), Deutsche Asset & Wealth Management¹ is one of the world's leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.
Deutsche Asset & Wealth Management is the brand name of the Asset & Wealth Management division of the Deutsche Bank Group. The legal entities offering products or services under the Deutsche Asset & Wealth Management brand are listed in contracts, sales materials and other product information documents. I-033841-1.0
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