Cohen & Steers Income Opportunities REIT, a non-listed REIT externally managed by Cohen & Steers Capital Management, a subsidiary of Cohen & Steers (CNS), announced today its acquisition of Rio Hill Shopping Center, a grocery-anchored open-air shopping center in the Charlottesville, VA market. The acquisition was made through a programmatic joint venture with Phillips Edison (PECO). This is CNSREIT’s third acquisition with PECO and seventh open-air shopping center in the portfolio. Rio Hill Shopping Center is a 288,000 square foot open-air shopping center. Located five miles northeast of downtown Charlottesville, the property is grocery-anchored and leased to desirable retailers including Kroger and two TJX Cos concepts.
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