Bear Equities Expands Portfolio with Acquisition of Premier Retail Property in Fort Worth, TX
Industry: Business
Co-founder of Bear Equities, Kase Abusharkh has announced the acquisition of retail property.
Dallas, TX (PRUnderground) November 13th, 2023
Bear Equities, a Dallas-based investment firm, announced today that it acquired the fee simple interest in a single tenant net leased property in Fort Worth, TX. The property is currently 100% occupied by AutoZone (NYSE: AZO) under a long-term absolute triple-net ground lease. This acquisition marks the 30th strategic acquisition by Bear Equities in the last few years.
The single-tenant retail property was purchased from out-of-state investors. Bear Equities closed on the property on an all-cash basis.
“We are very pleased with the acquisition of this property as we continue to deploy capital in an ever-challenging environment,” said Kase Abusharkh, Principal and owner of Bear Equities. “The property is ideally located in one of the city’s most highly trafficked thoroughfares and sits across from a Super Walmart Center. A strong, national tenant like AutoZone provides a safe and durable income stream for our investor group.
The property’s irreplaceable location on a strong retail corridor with dense demographics made the property an ideal investment for Bear Equities. The firm’s focus on acquiring high-quality assets in prime locations backed by investment-grade credit tenants alights with its commitment to long-term growth and value creation for its investors. This acquisition underscores Bear Equities’ confidence in the Dallas-Fort Worth Market.
Bear Equities is a privately held investment firm based in Dallas, TX, specializing in the acquisition, management, and development of commercial real estate assets across the United States. Founded by Kase Abusharkh, the firm is dedicated to creating value and delivering superior risk-adjusted returns for its investors through strategic acquisitions and proactive asset management. With a diverse portfolio that includes retail, office, and industrial properties, Bear Equities is committed to long-term growth and contributing to the success of the communities it invests in.
As a principal investor, Bear Equities has acquired 30 commercial real estate assets with an aggregate value exceeding $125,000,000 since 2020. Additionally, Bear Equities provides private financing to real estate developers and investors through its affiliate Watch Hill Development.
Kase Abusharkh, Principal at Bear Equities, has a strong background in real estate investment. Most recently, he served as the Chief Investment Officer of a publicly registered non-traded REIT, American Realty Capital- Retail Centers of America, Inc. in New York City. During his 3-year tenure as Chief Investment Officer, he helped complete the $1 billion equity raise and oversaw the acquisition of over $1.2 billion worth of multi-tenant retail shopping center space.
For more news and information on Bear Equities, please visit their website at https://bearequities.com/.
To learn more about Kase Abusharkh, you can visit his LinkedIn profile.