$103 Million International Trophy Resort Retail Portfolio
Nov 04, 2016

Fort Lauderdale, Fla., Nov. 3, 2016 – Lori Schneider, executive director of Marcus & Millichap’s Institutional Property Advisors division, has arranged the sale of a $103 million, seven-property portfolio of international trophy retail assets located within luxury resorts. The portfolio consists of 423,482 square feet of ground-floor retail, in the mixed-use villages of six ski resorts and one golf and beach resort, in the United States and Canada.

The properties are: Whistler Creekside Village, British Columbia, Canada; The Village at Mammoth, California; Village at Snowshoe, West Virginia; Village at Copper, Colorado; Stratton Mountain Village, Vermont; Blue Mountain Village, Ontario, Canada; and The Village of Baytowne Wharf, Florida.

“These stabilized yet dynamic assets are unique in location, diversification, and tenancy,” said Schneider. “The portfolio is very well suited to the buyers’ investment strategy.”

Schneider, along with the brokers of record for each asset, exclusively represented the seller, CNL Lifestyle Properties, and procured the buyer, a private real estate consortium between The Imperium Companies, MMG Equity Partners and Blue River Family Office Partners.

“We are pleased to have acquired this portfolio of high-quality resort villages, the first of several acquisitions of destination real estate amongst the partnership. The team did a great job of executing on this complex and unique opportunity,” added Marcel Navarro, partner, MMG Equity Partners.

“We are excited to merge our deep real estate and financial backgrounds amongst the partners with our love for the outdoors. Servicing our tenants and continuing to maximize the guest visitor experience will be amongst our main goals of this acquisition and the many more to come,” said Kyle A. Mowitz, partner, The Imperium Companies.

Based in Marcus & Millichap’s Fort Lauderdale office, Schneider specializes in the disposition of retail assets. She is among the firm’s top retail agents.

Marcus & Millichap’s brokers of record in the transaction are Kent Williams in California, Richard Bird in Colorado, Jeffrey Nick in Vermont, Ralph Nash in West Virginia, Rene Palsenbarg in British Columbia, Canada, Mark Paterson in Ontario, Canada and Kirk Felici in Florida.