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Cohen & Steers REIT Steps Up Investment in Grocery-Anchored Shopping Centers

New Joint Venture With Phillips Edison Buys First Property With $300 Million Budget for More
Des Peres Corners is an approximately 121,000-square-foot grocery-anchored, open-air shopping center in a suburb of St. Louis. (CoStar)
Des Peres Corners is an approximately 121,000-square-foot grocery-anchored, open-air shopping center in a suburb of St. Louis. (CoStar)

Nontraded real estate investment trust Cohen & Steers Income Opportunities REIT has teamed up with publicly traded REIT Phillips Edison & Co. on their first joint acquisition.

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