Cohen & Steers Income Opportunities REIT, Inc. Acquires Manchester Village Shopping Center in Rock Hill, South Carolina
Cohen & Steers Income Opportunities REIT (CNSREIT), externally managed by a subsidiary of Cohen & Steers (CNS), acquired Manchester Village, a 99%-occupied community shopping center in Rock Hill, South Carolina, in the Charlotte metro. The deal was executed through CNSREIT's programmatic joint venture with Sterling Organization, continuing the non-listed REIT's strategy of buying necessity-based, income-generating retail in supply-constrained growing markets.
Key figures
- Occupancy
- 99%
- Submarket occupancy
- 96%
- Submarket rent growth
- ~6% avg annual over five years ended 2025
- County population growth
- 8.9% over last five years
- Planned investment nearby
- $1.8 billion
AI analysis
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