June 2009

  • Jun

Ram Realty Buys 134,295 Square Foot Shopping Center

June 30, 2009

RE Business Online

DURHAM, N.C. — Ram Realty Partners II, a fund sponsored by Palm Beach Gardens, Fla.-based Ram, has acquired the 134,295-square-foot Durham Festival Shopping Center from an undisclosed party for an undisclosed amount. The shopping center is located on Hillsborough Road in Durham. Kroger anchors the property, which is also occupied by Millennium Sports Club, Dollar General and SunTrust Bank. Ram Realty Partners II currently holds $175 million in assets.

  • Jun

Ram Announces Acquisition of Durham Festival Shopping Center

June 26, 2009

Palm Beach Gardens, Fla., June 26, 2009 – Ram, a leader in development and value-added acquisition activity announced today the purchase of Durham Festival Shopping Center, in Durham, North Carolina.

Durham Festival is a neighborhood shopping center; totaling 134,295 sq. ft. on 11 acres. Kroger is an anchor tenant with other notable tenants including Millennium Sports Club, Dollar General and SunTrust Bank. The property is located between Hillsborough Road (US Hwy. 70) and N. LaSalle Street, adjacent to four regional highways and in close proximity to Duke University.

The property was acquired on behalf of Ram Realty Partners II, a private equity fund sponsored by Ram and its principals. The fund currently has assets totaling $175 million with additional equity capital on hand to expand its holdings to a total of $600 million.

About Ram
Founded in 1978, Florida-based Ram pursues the acquisition, development, and redevelopment of commercial, multifamily and mixed-use real estate throughout the Southeast, with a focus on the major markets in Florida, Georgia and the Carolinas.

In addition to its development and value-add acquisition activity, Ram acquires non-performing and sub-performing mortgages secured by commercial and multifamily properties. Ram has offices in Fort Lauderdale and Tampa, Florida; Chapel Hill, North Carolina and Atlanta, Georgia. The corporate office is located in Palm Beach Gardens, Florida. For more information, visit www.ramrealestate.com.