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Westwood Announces $100 Million Accordian
Westwood Financial, a premier national grocery-anchored and essential retail real estate investment firm, announced today that it has executed a $100 million accordion to its existing unsecured credit facility. The accordion comes in the form of a 5-year term loan, increasing the Company’s credit facility commitments to $255 million. The term loan bears interest at... Read more »
Westwood Announces the Appointment of Ella Neyland to its Board of Directors
Westwood Financial, a leading retail real estate investment firm, announced today the appointment of Ella Neyland to its Board of Directors. “We are very excited to welcome Ella to the Board of Directors. Her broad experience in the real estate sector will prove invaluable,” said Mark Bratt, CEO. “She provides a different and needed perspective... Read more »
Westwood Financial Moves Corporate Headquarters to Westwood, California
Westwood Financial, a leading retail real estate investment firm, announced today the relocation of its Los Angeles corporate headquarters from Brentwood to Westwood, California effective August 29, 2022. The company’s offices were initially located in Westwood when the firm was started over 50 years ago. “We are thrilled to be relocating back to Westwood where... Read more »
Westwood Acquires Caliber Collision for Hilgard Fund
Today, Westwood Financial announced the addition of Caliber Collision to its Hilgard STNL Fund. The property is located at 10754 Chapman Hwy in Seymour, TN. Caliber Collision is the nation’s largest collision repair company with over 1,500 locations across the US. The 16,500 SF building sits on a 2.12 acre parcel and is strategically positioned... Read more »
Westwood Financial Announces First Investment Offering with CrowdStreet
Westwood Financial, a leading retail real estate investment firm, announced today its first investment offering with CrowdStreet, the nation’s largest online private equity real estate investing platform. Village at Peachtree Corners, a 100% leased grocery anchored neighborhood shopping center in Atlanta, is being listed on CrowdStreet’s Marketplace. “We are excited to partner with CrowdStreet on... Read more »
Westwood Financial Announces Second Quarter 2022 Results
Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the three months ended June 30, 2022, which included: Same-Store 2022 vs 2021 GAAP Revenue and NOI were up +5.5% and +6.3%, respectively Executed 24 new leases totaling 62,000 square feet and 45 renewals totaling 110,000... Read more »
Westwood’s Hilgard STNL Fund Acquires Second Starbucks Location
Today, Westwood Financial announced another addition to its Hilgard STNL Fund with the acquisition of a Starbucks in Roanoke Rapids, NC. The 1,948 sf store is located at 298 Premier Blvd in Roanoke Rapids and ranks in the top 96% of traffic data for Starbucks stores nationally according to Placer Ai. Situated on an outparcel... Read more »
HILGARD™ STNL Fund Adds Two New Assets
Westwood Financial’s Hilgard STNL Fund, launched last July has acquired two new assets. A Dollar General in Wilson, NC and a Sherwin-Williams in Pigeon Forge, TN. The two properties bring the total asset count for the Fund to 15. Four additional assets are under contract and expected to close later this year. The 9,100 SF... Read more »
Westwood Financial Announces First Quarter 2022 Results
LOS ANGELES, CA – Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the three months ended March 31, 2022, which included: Same-Store 2022 vs 2021 GAAP Revenue and NOI was up +4.4% and +5.9%, respectively Executed 27 new leases totaling 85,000 square feet and... Read more »
Westwood Announces Full Year 2021 Results
LOS ANGELES, CA – Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the twelve months ended December 31, 2021, which included: Same-Store 2021 vs 2020 GAAP Revenue and NOI was +4.8% and +2.9%, respectively Executed 79 new leases totaling 165,000 square feet in full... Read more »
O'Reilly Auto Parts Acquired for Hilgard STNL Fund
Westwood Financial announced today, the acquisition of an O’Reilly Auto Parts in Jacksonville, Florida. The asset is another addition to the company’s Hilgard STNL Fund. The 7,500 SF property is located on the hard corner of a signalized intersection across the street from Publix, 20 minutes southwest of downtown Jacksonville. O’Reilly operates 261 stores in... Read more »
Westwood to Manage New Shadow Anchored Kroger Marketplace in Dallas
Westwood will manage and lease Lake Forest Marketplace, a prominent grocery-anchored center located in McKinney, Texas, one of the fastest growing suburbs in the Dallas/Fort Worth MSA. The asset consists of two buildings totaling 37,500 square feet of leasable space which is shadow anchored by a 123,000 square foot high-volume Kroger Marketplace. Built in 2018,... Read more »
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