The acquisition is being made through Ares U.S. Real Estate Fund IX LP, and involves properties in Tennessee, Texas, Georgia and North and South Carolina.
Zara will ship out online orders from its stores, in hopes of boosting sales and reaching customers quickly, according to the Wall Street Journal. Marc Levine, chairman of the Illinois State Board of Investments, tells CNBC that he expects double-digit returns in sectors like seniors and student housing. These are among today’s must reads from around the commercial real estate industry.
