US Republic Core Fund Acquires Grocery-Anchored Retail Property in North Central Georgia

SAN ANTONIO, Sept. 20 /PRNewswire/ -- US Republic Core Fund announces the purchase of Village Shoppes at Windermere, a core grocery-anchored retail center in Forsyth County, Georgia, approximately 25 miles north of Metro Atlanta. The seller, Columbia Windermere VI, LLC, is an entity of Marietta-based commercial retail development firm Columbia Properties, which will retain property management duties. The purchase price of the retail center has not been disclosed.

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US Republic Core Fund is owned by affiliates of USAA Real Estate Company and other institutional investors and has acquired a portfolio of institutional quality office and retail properties.  The Fund invests in Core, Core Plus and Value Add assets in both primary and secondary markets across the U.S.

Publix Super Market, totaling 39,203 square feet, leases more than half of the 74,403-square-foot property, completed in 2008. An additional diverse mix of casual eateries, salons and professional offices makes up the Center's near 100-percent tenancy. An upscale design reflects state-of-the-art architecture and construction.

Fast-growing Forsyth County attracts business professionals seeking quality housing and a reasonable cost of living, as well as the ease of commuting to Atlanta. Village Shoppes at Windermere services the town of Suwannee, which has been recognized by Money Magazine as one of the country's most desirable communities.

"We are pleased to complement our portfolio with a major tenant-anchored property near Atlanta, the hub of transportation and commerce in the Southeast," says USAA Real Estate Company Chairman and CEO Pat Duncan. "Publix continues to build on its reputation as a leading grocer in both Georgia and the Southeast."

USAA Real Estate Company, with approximately $6 billion of assets under management, provides fund and separate account investments in office, industrial, retail and multi-family sectors for domestic and foreign pension plans and other institutional investors.  USAA Real Estate Company is a subsidiary of USAA, a leading financial services company with over $137.5 billion of assets under management, serving military families since 1922.  For more information, visit www.usrealco.com.

SOURCE USAA Real Estate Company

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