SACRAMENTO, Calif. (August 15, 2013) – ProEquity Asset Management announces its assignment to operate and lease three new projects located throughout the Sacramento Region.
These properties include, Sterling Point 10 (an outparcel site located at the Sterling Point Shopping Center in Lincoln, California) Eureka Ridge Plaza (a retail center located in Roseville, California) and La Borgata at Serrano (a mixed used office and retail project in El Dorado Hills, California).
The total assignment size exceeds 106,000 square feet under management of this portfolio. ProEquity will operate the portfolio from is corporate office located in El Dorado Hills, California. Eureka Ridge and La Borgata at Serrano will be held under the value-add program led by ProEquity under LNR Partner direction.
LNR Partners is the world’s largest Commercial Mortgage Back Securities (CMBS) special servicer overseeing $25 billion of loans. ProEquity is one of LNR’s lead service providers for mid to smaller size properties throughout the Western United States.