Since 1991, Phillips Edison* has invested more than $1.8 billion in neighborhood and community shopping centers, building a portfolio of more than 250 assets totaling 26 million square feet in 35 states.** The company's expertise in maximizing each asset's value has made it one of the country's largest privately-held owner/operators of this property type. Previously, this remarkable growth has been funded by institutional investors, pension funds, high net-worth individuals and other major investors.
Now, Phillips Edison & Company has joined forces with American Realty Capital to enable participation by individual investors who might not have qualified for the previous funds. The formation of Phillips Edison-ARC Shopping Center REIT Inc., ("Phillips Edison-ARC") opens new doors for a growing company and offers solid opportunities for new investors.***
*Phillips Edison refers to our Phillips Edison sponsor and its affiliates, including the property manager and sub-advisor.
**Certain private funds managed by Phillips Edison have been adversely affected by past economic conditions. Specifically, some of the properties owned by one of Phillips Edison’s private funds were acquired from 2005 through 2007, during a market period characterized by historically low capitalization rates. Subsequent to these acquisitions, market conditions weakened and, as a result, the value of certain properties declined.
***Past performance of Phillips Edison and/or American Realty Capital is no guarantee of future results. Investors are not being offered securities in the advisor or the sponsor.