DLC Lands Growth Capital from Temerity Strategic Partners
DLC, an open-air retail management company, has secured growth capital from Temerity Strategic Partners (TSP), aiming to leverage market shifts for acquisitions.
“We know from every cycle we’ve weathered in the 32 years since I started DLC that the best time to buy is at the bottom when the market is coming through a period of significant disruption,” said Adam Ifshin, founder and CEO of DLC. “And that’s why we’ve proactively raised this capital now, to enable us to grow our assets by $2 billion and lean into what we believe will be an outstanding vintage of acquisitions. This is the time to be aggressive, and we’re leading the charge.”
DLC recently closed a $100 million acquisition of four open-air shopping centers across the United States. Earlier this year, DLC closed on the $46.5 million acquisition of Brookside Center, an hour’s drive from New York City in Bridgeport, CT.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.