Core Ellenville NY LLC has successfully sold ShopRite Plaza located in Ellenville, NY. ShopRite Plaza was acquired in 2021 out of auction.
“ShopRite Plaza was one of our first auction purchases, which have quickly become a popular platform. We identified what we felt was an appropriate risk adjusted purchase price and were able to reach a strike price at auction.
The significant cash flow during the hold period coupled with cap rate compression made this a very successful short term hold for us
– Drew Angel, Managing Partner of Core Ellenville NY LLC”
This is Core Equity Partners eighth successful exit in the last 14 months.
