Cohen & Steers Income Opportunities REIT, Inc. Acquires Publix-Anchored Shopping Center in Orlando, FL with Phillips Edison & Company

Core Insights - Cohen & Steers Income Opportunities REIT, Inc. (CNSREIT) has acquired Oak Grove Shoppes, a grocery-anchored shopping center in Orlando, Florida, in partnership with Phillips Edison & Company (PECO) as part of a joint venture targeting $300 million in equity [1][5] - Oak Grove Shoppes spans 142,000 square feet, is 91% leased, and features a 48,000 square foot Publix grocery store and a Marshalls, among other tenants [2][3] - The Orlando market is experiencing significant growth, ranking in the top 10 U.S. cities for population and job growth, with a retail occupancy rate of 94% and a year-over-year retail rent growth of 7.5% in the Altamonte Springs submarket [3][4] Company Overview - CNSREIT focuses on investing in high-quality, income-generating properties in the U.S. and is externally managed by Cohen & Steers Capital Management, Inc. [6] - PECO is one of the largest operators of grocery-anchored shopping centers in the U.S., managing 311 shopping centers with a total of 32.9 million square feet across 31 states as of September 30, 2024 [8]