GlassRatner Closes Second Joint Venture with Sullivan Wickley

Fund To Capitalize on Retail Real Estate Acquisition Opportunities

Atlanta, GA – Sullivan Wickley, an Atlanta-based retail real estate firm, today announced it is partnering again with GlassRatner Advisory & Capital Group, LLC, to acquire shopping centers in select U.S. markets.

The joint venture is the second fund of the team and will target primarily stabilized neighborhood and community shopping centers with meaningful rent growth potential.  A portion of the fund will invest in assets with value-add attributes.

“This joint venture is the continuation of the success of our latest fund with Ian and Ron and is a powerful combination of both talented people and complementary organizational capabilities.  Ron Glass and Ian Ratner have been trusted partners of Sullivan Wickley for years and we look forward to continuing this relationship with GlassRatner, a national restructuring leader,” said Adam Wickley, CEO and co-founder of Sullivan Wickley.

Ian Ratner, CEO of GlassRatner, noted his firm has the expertise to help with these types of deals. “We value our strong relationship with the Sullivan Wickley team and stand ready to help with the component of the fund devoted towards repositioning opportunities.  In all market cycles, there are meaningful buying opportunities in the retail sector for quality assets.”

Founded in 1999, Sullivan Wickley is an experienced full-service retail operator, focused on the acquisition, development, management and construction of retail commercial real estate properties. The company has completed over 250 retail projects and leases and manages a diverse portfolio of retail shopping centers.

Atlanta-headquartered GlassRatner Advisory & Capital Group, LLC is a leading turnaround management and advisory firm. During the Great Financial Crisis, GlassRatner acted as receiver, manager, broker, fiduciary, and advisor for over $10 billion in troubled real estate assets.  The firm liquidated bank asset portfolios for the FDIC and advised many household names in regional real estate.