Monarch Investments | Gulfport Plaza
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Gulfport Plaza

September 10, 2013 (Gulfport, FL). Monarch Investments Group, L.L.C. announces that it has refinanced Gulfport Plaza Shopping Center, its 45,000 square foot retail center located in Gulfport, Florida. The property is anchored by Save-A-Lot and Family Dollar. Financing was provided by UBS Real Estate Securities with Grandbridge Real Estate Capital facilitating the transaction. All investor equity for this property was returned.

Managing Principal, Stephen M. LaMastra, commented, “Once again we were able to return all of our investor’s capital early, proving how much value Monarch was able to add in a short period of time. Our proven track record of enhanced value and focus on investor returns are key elements of Monarch’s strategy.”

Principal, Blair Schlossberg, stated, “This property involved heavy repositioning, another hallmark of Monarch’s strategy and success and we are pleased to have returned all of our investors’ capital while at the same time generating significant cash flow.”

Monarch and its affiliates currently own over a dozen retail centers throughout the southeastern U.S. and the company will acquire over $50 million of retail properties this year alone. Monarch also plans to acquire an additional $150 million of properties in 2014. The company currently owns and manages over 500,000 square feet of retail space.

Monarch Investments Group is an affiliate of Atlanta-based Crown Holdings Group, which has investments in retail, multi-family, office, residential and mixed-use properties.

Monarch Investments is actively seeking retail shopping centers located in the United States. Please contact Stephen M. LaMastra at (770) 391-1233 for more information.