Rainier Capital Management, L.P. announces the acquisition of two recently constructed Gander Mountain retail properties in Knoxville, TN and Winchester, VA.
Dallas, TX (PRWEB) June 2, 2007 -- Rainier Capital Management, L.P. announces the acquisition of two recently constructed Gander Mountain properties in Knoxville, TN and Winchester, VA. The 60,000 square foot big-box retail facilities were built in 2006 and leased on 15 year terms to outdoor equipment and apparel retailer Gander Mountain. Financing was provided by Bank of America through Northmarq Capital's Dallas office.
Rainier acquired the properties on behalf of 20 tenant-in-common investors. Rainier has been an active Tenant-in-Common (TIC) provider for 1031 investors since 2003. The company also provides debt and preferred equity capital to income-producing and developmental real estate projects.
Today, Rainier oversees a portfolio of more than 3 million square feet of office and retail properties in 15 states.
For more information, please visit Rainier Capital Management
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