Skip to main content

CHARLOTTE, N.C. (September 1, 2026) — Big V Direct, Big V Property Group’s recently announced investor platform that is democratizing open-air retail real estate investment, today has launched its first offering, a $2.5 million investment in RIM, the 1.8 million-square-foot, mixed-use district at 17703 La Cantera Parkway in San Antonio, Texas.

Big V Direct offers pre-qualified accredited investors direct access to an institutional quality portfolio of premier retail properties shopping centers owned, operated, and developed by Big V Property Group in growing and thriving communities, primarily in the Sunbelt.

“My family has been buying, leasing, and managing open-air shopping centers for three generations, over 84 years. We have owned and managed an aggregate of more than 90 open-air centers, and more than $4 billion of total assets. The capital has come from four places: my family, our friends, our institutional partners, and our banks. Until now, we did not have a way for accredited investors to learn about, or invest in, our assets,” said Jeffrey Rosenberg, Chairman and CEO of Big V Property Group. “We are excited to now officially open these opportunities to a broader audience, starting with the opportunity to invest in one of our marquee properties.”

RIM, located on the site of a former quarry, opened in 2006. Big V Property Group and a partner acquired the project in May 2021. As manager, Big V Property Group launched an immediate plan to grow the retail center, then 1.05 million square feet, with new restaurants and stores.

Today, RIM is the most-visited shopping center in Texas and one of the most-trafficked in the United States, drawing 77 million guests annually to more than 90 stores, restaurants and service businesses, as well as luxury residences and a boutique hotel. Retail anchors include Bass Pro Shops, Best Buy, Burlington, World Market, Dick’s Sporting Goods, DSW, Hobby Lobby, JCPenney, Lifetime Fitness, Lowe’s, Michaels, Nordstrom Rack, Old Navy, Petsmart, Ross Dress for Less, Santikos IMAX Theaters, Target, TJ Maxx/Home Goods/Sierra/Marshalls/Homesense, Boot Barn, Sun & Ski, and Total Wine & More.

A current partner has chosen to exit his investment, creating the opportunity for Big V Direct to offer pre-qualified accredited investors direct access to join Big V Principals and other long-term partners in owning a percentage of RIM. To learn if you are an accredited investor, as defined by the SEC, please visit here.

A family-owned retail real estate company with more than 80 years of ownership and operating history, Big V Property Group now has nearly $2 billion in assets under management (AUM) across 11 states totaling roughly seven million square feet of gross leasable area. It is fully vertically integrated, with in-house acquisitions, capital markets, leasing, asset management, property management and construction management. Its rigorous evaluation process identifies the best open-air retail properties in the strongest markets. Only a small percentage of opportunities meet its high standards and are presented to investors.

Interested parties can visit bigvdirect.com to register for a webinar at 4 p.m. EDT on September 10, 2026 which will discuss the offering in more detail and funds can be committed.

About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our current portfolio of 22 neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

Overall Disclaimer: This release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any interests, which will be made solely by means of a confidential offering memorandum and related subscription documents only to persons verified by Big V Property Group as accredited investors and in those jurisdictions where permitted by law. The interests are offered pursuant to an exemption from registration under applicable securities laws, including Rule 506(c) of Regulation D, and have not been registered under the Securities Act of 1933, as amended. This communication is not intended to provide, and should not be relied upon for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transactions. Investing involves substantial risk, including possible loss of principal. Any targets, projections, or forward-looking statements are not guarantees of future results.

CHARLOTTE, N.C. (August 19, 2026) —  Big V Property Group today launched Big V Direct, a dedicated investor-facing website where investors will learn about Big V’s thesis on retail real estate and access offerings.

Big V Direct offers pre-qualified accredited investors direct access to an institutional quality portfolio of open-air shopping centers. Open-air shopping centers have become the primary retail destination for most American consumers as they provide value and convenience, and the fundamentals of retail real estate have shifted to favor the power center format in the post-pandemic era. Big V invests primarily in this sub-asset class.

Big V owns, operates, and develops premier retail properties in growing and thriving communities. Its vertically integrated platform allows Big V to expertly acquire, manage, and improve its properties, efficiently generating attractive risk-adjusted returns. Each property considered is evaluated by the team to ensure that it meets Big V’s standards for long-term investing. This careful selection has led to record-high occupancy rates, as prime locations drive significant business for tenants, enhance returns for investors, and support vibrant community activity.

The Big V Direct website is built to reach accredited investors who have not typically had a channel for direct investment. Given that most individual investors don’t have access to buying $100 million shopping centers, Big V created Big V Direct to offer the ability to invest in this asset class.

Big V has long invited friends and family to invest in its portfolio of premier open-air properties. Big V Direct is an exciting opportunity for pre-qualified, accredited investors to join this selective network and invest alongside existing institutional partners.

“Over the last eight decades, we’ve built a circle of trust with our investor base, including individual  investors,” said Jeffrey Rosenberg, Chairman and CEO of Big V Property Group. “We’re proud of our multi-generational track record of success, and we remain committed to creating lasting wealth for our investors through our deep expertise in the space. With Big V Direct, that track record is now open to a wider group of investors with an invitation to invest where you shop.”

About Big V Property Group

Big V Property Group (Big V) is a family-owned leader in retail real estate with an 84-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

CHARLOTTE, N.C. and DALLAS (July 2, 2026) — Big V Property Group, The Seitz Group, Principal Asset Management® and Citizens Bank joined local and regional officials to celebrate the beginning of construction of Rosamond Town Center in Anna, Texas, on Tuesday, June 30.

 Rosamond Town Center is a complementary development to Rosamond Crossing, financed with a combination of developer equity, financing from Principal Asset Management®, and construction loan from Citizens Bank. Both will be part of a 750,000-square-foot complex in Collin County developed by Big V Property Group, The Seitz Group and Principal.

 The North Dallas centers are based in the fastest-growing communities anywhere in the country. In the next 10 years, the population of Anna is projected to grow 13 times faster than the national average and be a connective node in the Metroplex, situated between McKinney and Sherman.

 “This is such wonderful, generational thing to build upon what the city of Anna has done. We’re proud to be a part of this,” said Kenton McKeehan, President and Chief Investment Officer of Big V Property Group. “Together, we’ve extended the Metroplex by nine miles.”

To be located at the southeast corner of Rosamond Parkway and Hwy. 75, the 355,826-square-foot, open-air center will be anchored by Academy Sports + Outdoors, Aldi, Burlington, EOS Fitness, Hobby Lobby, HomeGoods, PetSmart and T.J. Maxx, and will feature several outparcels and specialty stores.

 “I’d like to recognize the incredible team at the City of Anna,” said Danielle Kaufman of Kaufman Consultants, speaking on behalf of The Seitz Group. “Successful developments aren’t just built on concrete and steel; they’re built on partnerships.”

“This is a really, really important milestone for the city of Anna,” said Pete Cain, Mayor of Anna, Texas. “It changes everything — the retail and tax base with 750 jobs coming to us with this development.”

“There is no greater way to celebrate America’s 250th anniversary than to celebrate the growth that we’re seeing in Texas, because Texas leads the way,” said Texas Representative Keresa Richardson, representing District 61. “Anna is a place to be, and this is such a blessing.”

The development team was given a Congressional Commendation and an accompanying letter from U.S. Rep. Keith Self, (R-TX), presented by District Director Michelle Bishop.

“This is a significant milestone for the city of Anna and a testament to the vision, hard work and leadership that continue to shape one of the fastest growing communities in North Texas,” Bishop read. “The collaboration between the City of Anna leadership, The Seitz Group and Big V Property Group is a model for what can be achieved when public leadership and private enterprise come together with a shared vision.”

 Within its portfolio Big V Property Group owns and operates six properties in the Lone Star State, including RIM and Alamo Ranch in San Antonio, Glade Parks in Euless, Deerbrook Marketplace in Humble, Fairfield Town Center in Cypress and Southpark Meadows in Austin. RIM is the most visited shopping center in the state.

About Big V Property Group

Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

About The Seitz Group

The Seitz Group (SGI) is a real estate development company located in the Dallas-Fort Worth area. SGI’s development process begins in the pre-development phase, where market and site analyses determine project feasibility and guide its formulation. Once a project is deemed viable, SGI focuses on design, financing, and scheduling.

 During construction, a team of experts manages all aspects, including cost control, field supervision, and coordination with operational needs, ensuring the project’s economic viability and long-term adaptability. SGI has completed 51 projects totaling 8.8 million square feet of retail space over 33 years.

In leasing, SGI maximizes rent through strategic tenant mixes, creative marketing, and lease negotiations, while their property management services provide comprehensive solutions, from accounting to redevelopment analysis.

 About Principal Asset Management®

With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $578.0 billion in assets1 and recognized as a “Best Places to Work in Money Management”2 for 14 consecutive years. 

Learn more at www.PrincipalAM.com.

 [1] As of March 31, 2026

[2] Pensions & Investments, The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2025. 

 About Citizens Financial Group, Inc. 

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $227.9 billion in assets as of March 31, 2026. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail, private banking, wealth management and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. Consumer Banking includes Citizens Private Bank and Private Wealth, which integrate banking services and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and businesses. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X, LinkedIn or Facebook.

CHARLOTTE, N.C. and DALLAS (June 9, 2026) — In the continued development of a rare new, ground-up retail property, Big V Property Group and The Seitz Group will celebrate the groundbreaking of Rosamond Town Center in Anna, Texas, on Tuesday, June 30 at 10 a.m. at the southeast corner of Rosamond Parkway and Hwy. 75. Scheduled to attend will be executives from Big V Property Group, The Seitz Group, Principal Asset Management®, Citizens Bank, and public officials including Anna Mayor Pete Cain.

The 355,826-square-foot, open-air center will be anchored by Academy Sports + Outdoors, Aldi, Burlington, EOS Fitness, Hobby Lobby, HomeGoods, PetSmart and T.J. Maxx, and will feature several outparcels and specialty stores. It is an additional, complementary development to Rosamond Crossing, with 175,300 square feet anchored by Kroger (now under construction), with other tenants including Bank of America and McDonald’s about to start construction. The two will be part of a 750,000-square-foot complex in Collin County being developed by Big V Property Group, The Seitz Group and Principal.

“We’re delighted that this new, much-needed project to serve a growing submarket of Dallas is continuing so rapidly — with Rosamond Town Center beginning construction nearly one year ahead of our original schedule,” said Jeffrey Rosenberg, Chairman and CEO of Big V Property Group. “Our partnership with Eric Seitz on this exciting new project has been an extraordinary way to expand our redevelopment, management, operations and leasing expertise into new construction.”

Rosamond Town Center is the result of a strong partnership between The Seitz Group and Big V Property Group, which boast decades of combined experience in retail development and operations. Based in Dallas/Fort Worth, The Seitz Group has developed 51 retail shopping centers totaling 8.8 million square feet over its 33-year history. Big V Property Group, with over 80 years of experience, owns and manages 23 shopping centers. The Anna projects are its first ground-up developments. Together, the partnership contributes extensive expertise in commercial real estate development, asset management, property management, and leasing.

“Our strategy as we acquire and redevelop properties around the United States has been to reinvest in their infrastructure and bring in the tenants that consumers want and need today,” said Kenton McKeehan, President and Chief Investment Officer of Big V Property Group. “Working with Eric Seitz, we are employing the same leasing, management and operations expertise to this new project, that will create a dense core of retail to serve Anna and surrounding communities.”

Anna was recently named the fifth fastest-growing U.S. city with populations of 20,000 or more, according to the U.S. Census Bureau. Three neighboring cities — Celina, Princeton, and Melissa — were ranked first third and fourth. The centers are located in Collin County, one of the fastest growing counties in the U.S., with population growth of 12% from 2020 to 2023 to nearly 1.2 million people. That number is expected to double by 2060, equaling all of the city of Houston. The median household income is $117,000.

“That we are breaking ground on Rosamond Town Center less than one year after beginning construction on our Southeast project is a testament to the need for more quality retail in Anna, and especially on the Interstate 75 corridor,” said Eric Seitz, The Seitz Group. “And the area continues to grow, with housing developments being announced regularly. These new residents will have the best-in-class shopping, dining and services right in their own backyards.”

Big V Property group already owns and operates six properties in the Lone Star State, comprising of RIM and Alamo Ranch in San Antonio, Glade Parks in Euless, Deerbrook Marketplace in Humble, Fairfield Town Center in Cypress and Southpark Meadows in Austin. As a vertically integrated company, the 80-year-old, family-run Big V Property Group boasts decades of experience in real estate asset management, commercial property management, outparcel development and leasing.

Rosamond Town Center is being financed with a combination of developer equity, financing from Principal Asset Management®, and construction loan from Citizens Bank.

“Our recent acquisition of Fairfield Town Center in metro Houston was with a fund managed by Principal Asset Management, and we’re delighted to extend our relationship with them through this Dallas project,” said Bryan Kallenberg, Vice President of Capital Markets for Big V Property Group.

“Based on Big V’s expertise in retail, and our successful work with them on acquiring Fairfield Town Center, we’re pleased to collaborate on this project,” said Colin Frye, Investment Director of Asset Management at Principal Asset Management®. “This new project in Anna, Texas will serve a growing community and reflects our shared focus on supporting high-quality retail development.”

“It is so exciting to have these important retailers coming so close to home, creating convenience and economic opportunity for our community,” said Pete Cain, Mayor of Anna, Texas. “Working with Big V and The Seitz Group has been a pleasure and we are looking forward to opening day.”

About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

About The Seitz Group
The Seitz Group (SGI) is a real estate development company located in the Dallas-Fort Worth area. SGI’s development process begins in the pre-development phase, where market and site analyses determine project feasibility and guide its formulation. Once a project is deemed viable, SGI focuses on design, financing, and scheduling.

During construction, a team of experts manages all aspects, including cost control, field supervision, and coordination with operational needs, ensuring the project’s economic viability and long-term adaptability. SGI has completed 51 projects totaling 8.8 million square feet of retail space over 33 years.

In leasing, SGI maximizes rent through strategic tenant mixes, creative marketing, and lease negotiations, while their property management services provide comprehensive solutions, from accounting to redevelopment analysis.

About Principal Asset Management®

With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset  Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Principal Asset Management is the global investment solutions business for Principal Financial Group®, managing more than $601.6 billion in assets1 and recognized as a “Best Places to Work in Money Management”2 for 14 consecutive years. Learn more at www.PrincipalAM.com.

About Citizens Financial Group, Inc. 
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $227.9 billion in assets as of March 31, 2026. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail, private banking, wealth management and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. Consumer Banking includes Citizens Private Bank and Private Wealth, which integrate banking services and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and businesses. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X, LinkedIn or Facebook.

CHARLOTTE, N.C. and DALLAS (June 1, 2026) — Big V Property Group, which opens, operates, and develops premier retail properties across the United States, announced that it and The Seitz Group have formed a joint venture with a fund managed by Principal Asset Management® for the development of Rosamond Town Center, an additional project in its ground-up retail complex in Anna, Texas.

Located at the northwest corner of Rosamond Parkway and Buddy Hays as it crosses Hwy. 75, Rosamond Town Center will be a 355,826-square-foot, open-air center anchored by Academy Sports + Outdoors, Aldi, Burlington, EOS Fitness, Hobby Lobby, HomeGoods, PetSmart, and T.J. Maxx, and featuring several outparcels and specialty stores. Construction is expected to begin shortly.

It is an additional, complementary development to Rosamond Crossing, with 175,300 square feet anchored by a grocery store chain and including major bank and restaurant partners. The two will be part of a 750,000-square-foot complex in Collin County being developed by Big V Property Group and The Seitz Group.

“Along with our development partner The Seitz Group, we are delighted to welcome Principal Asset Management to our Anna, Texas, property,” said Bryan Kallenberg, Vice President of Capital Markets at Big V Property Group. “Their investment is a testament to the strength of this project, this market, and the skills that both Big V and Seitz bring to this development.”

The joint venture is Big V Property Group’s second with funds managed by Principal Asset Management®. In December, the two acquired Fairfield Town Center in Cypress, Texas (metro Houston). The lender for Rosamond Town Center is Citizens Bank.

“We are excited to partner with such a highly respected institution to bring this exceptional project to such a fast-growing market in Anna,” said Corey Dendy, Southeast Real Estate Executive at Citizens.

“Based on Big V’s expertise in retail, and our successful work with them on acquiring Fairfield Town Center, we look forward to continued partnership opportunities,” said Colin Frye, Investment Director at Principal Asset Management®. “This new project in Anna will serve a growing community, and we are proud to help meet that demand.”

Anna was recently named the fifth fastest-growing U.S. city with populations of 20,000 or more, according to the U.S. Census Bureau. Three neighboring cities — Celina, Princeton, and Melissa — were ranked first third and fourth. The centers are located in Collin County, one of the fastest growing counties in the U.S., with population growth of 12% from 2020 to 2023 to nearly 1.2 million people. That number is expected to double by 2060, equaling all of the city of Houston. The median household income is $117,000.

Rosamond Town Center is the result of a strong partnership between The Seitz Group and Big V Property Group, which boast decades of combined experience in retail development and operations. Based in Dallas/Fort Worth, The Seitz Group has developed 51 retail shopping centers totaling 8.8 million square feet over its 33-year history. Big V Property Group owns and manages 23 shopping centers. The Anna projects are its first ground-up developments. Together, the partnership contributes extensive expertise in commercial real estate development, asset management, property management, and leasing.

Big V Property group already owns and operates six properties in the Lone Star State, comprising of RIM and Alamo Ranch in San Antonio, Glade Parks in Euless, Deerbrook Marketplace in Humble, Fairfield Town Center in Cypress and Southpark Meadows in Austin. As a vertically integrated company, the 80-year-old, family-run Big V Property Group boasts decades of experience in real estate asset management, commercial property management, outparcel development and leasing.

About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, N.Y. For further information, please visit bigv.com.

About The Seitz Group
The Seitz Group (SGI) is a real estate development company located in the Dallas-Fort Worth area. SGI’s development process begins in the pre-development phase, where market and site analyses determine project feasibility and guide its formulation. Once a project is deemed viable, SGI focuses on design, financing, and scheduling.

During construction, a team of experts manages all aspects, including cost control, field supervision, and coordination with operational needs, ensuring the project’s economic viability and long-term adaptability. SGI has completed 51 projects totaling 8.8 million square feet of retail space over 33 years.

In leasing, SGI maximizes rent through strategic tenant mixes, creative marketing, and lease negotiations, while their property management services provide comprehensive solutions, from accounting to redevelopment analysis.

About Principal Asset Management®

With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $578.0 billion in assets1 and recognized as a “Best Places to Work in Money Management”2 for 14 consecutive years.

Learn more at www.PrincipalAM.com

[1] As of March 31, 2026

[2] Pensions & Investments, The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2025. 

About Citizens Financial Group, Inc. 
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $227.9 billion in assets as of March 31, 2026. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail, private banking, wealth management and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. Consumer Banking includes Citizens Private Bank and Private Wealth, which integrate banking services and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and businesses. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X, LinkedIn or Facebook.

 

The acquisition is the first institutional joint venture for the 80-year-old retail real estate owner/developer

CHARLOTTE, N.C. (December 15, 2025) —In its first institutional joint venture and its first acquisition with a fund managed by Principal Asset Management®, Big V Property Group has acquired Fairfield Town Center in Cypress, Texas (metro Houston).

“Combined with our own 80 years of history, Big V and Principal Asset Management each have a storied legacy of success in serving clients and communities,” said Eric Zimmermann, Chief Acquisitions Officer of Big V Property Group, who with Tony D’Ambrosio, Vice President of Acquisitions & Dispositions, oversaw the transaction. “This collaboration underscores our shared focus on creating value and delivering quality experiences for the people and places we serve.”

Located at U.S. 290 and SH 99/the Grand Parkway, the 355,000-square-foot, value-oriented Fairfield Town Center is 99.5% occupied. The open-air center boasts a best-in-class tenant mix of retail, entertainment and services, including a luxury cinema, popular off-price retailers, beauty and apparel brands, and is complemented by leading grocery and sporting goods anchors.

“We’re excited to add this to our growing Texas portfolio, now six centers strong,” D’Ambrosio said. “Fairfield Town Center exemplifies the type of property Big V builds, acquires and redevelops — well-located in growing areas, dominant, with healthy anchors and the most-desired retailers and services. This is a trophy asset, which we are proud to add to our portfolio.”

“Big V’s longstanding presence in the Sunbelt and its comprehensive real estate capabilities were major draws for Principal Asset Management,” said Kyle Donnelly, Director of Acquisitions/Dispositions at Principal Asset Management. “Their deep retail expertise and vertically integrated platform, spanning innovative leasing, strategic development, construction, legal, marketing, operations, and more, were key factors in our decision.”

Fairfield Town Center is positioned within one of the country’s fastest-growing trade areas, where the population within a five-mile radius has increased by approximately 6% annually since 2010. The area now boasts more than 122,000 residents, supported by an average household income of roughly $168,000 and a median home value of $379,030. These strong demographic fundamentals translate to exceptional consumer purchasing power and continued momentum for the Fairfield Town Center trade area.

Fairfield Town Center is the third most-visited retail center in the Houston MSA. More than 187,000 vehicles pass the center daily. Nearby are the Houston Premium Outlets, which sees 4.6 million visits per year, and Memorial Hermann Cypress Hospital, opened in 2017 and now being expanded.

The acquisition is Big V Property Group’s second in the Houston area and continues its growth in Texas. In addition, Big V, with partner The Seitz Group, recently broke ground on Rosamond Crossing, a new, 175,300-square-foot, open-air center to be anchored by Kroger Marketplace in Anna, Texas, northeast of Dallas.  

About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

About Principal Asset Management®
With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $601.6 billion in assets1 and recognized as a “Best Places to Work in Money Management”2 for 14 consecutive years.Learn more at www.PrincipalAM.com

[1] As of September 30, 2025
[2] Pensions & Investments, “The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2025.

 

For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com

This flagship open-ended fund establishes a platform for sustained expansion and continued portfolio evolution for years to come.

In conjunction with the launch, company closes on a $765 million financing facility to support long-term growth.

CHARLOTTE, N.C. (October 23, 2025) —  Big V Property Group, which owns, operates, and develops premier retail properties across the U.S., along with their with their strategic and instrumental partner, Equity Street Capital, launched the Big V Core Property Fund, a $1.2 billion open-ended retail real estate fund created by consolidating seven institutional-quality retail assets into a single investment vehicle.

In conjunction with this fund launch, the company secured a $765 million financing facility to support the new fund’s current operations and continued expansion.

The Core Property Fund is designed to enhance long-term growth and appreciation for both existing and future investors. Significant benefits include increased diversification, improved operational efficiencies, economies of scale, redemption rights for investors to provide investor liquidity, and enhanced strategic flexibility needed to capture opportunities based on market cycles and rapidly changing trends. “We’ve spent two years planning our next phase of growth, and the launch of the Big V Core Property Fund today is the first step in a series of strategic moves designed to grow our platform and enhance long-term value for investors,” said Jeffrey Rosenberg, Chairman and CEO.  “We believe the roll-up of our seven most iconic retail properties into a single vehicle is the foundation which will facilitate the execution of our growth plans for the future.”

Property Contributions
The Fund’s properties are located in six vibrant and growing cities throughout the Sunbelt and boast an average occupancy of 96%, reflecting the strong fundamentals seen in the Core Property Fund and other premier centers nationwide. Open air retail performance continues to remain extremely strong with all-time high occupancy, record leasing spreads, rent and NOI growth. Each center boasts nationally recognized retailers with strong credit and long-term leases in place. Located in high-traffic areas, the centers are major shopping hubs for residents and visitors, with nearly 64.9 million total visits annually from nearly 9.2 million unique visitors. The centers are: 

(From left to right: The Avenue Murfreesboro, Alamo Ranch, Glade Parks, RIM, Southpark Meadows, Glynn Isle, Westside Centre — all seven properties being refinanced through the Big V Core Property Fund, Big V Property Group’s first open-ended fund. Photo credit: Big V Property Group)

Strategic Financing
The $765 million financing facility — led by Truist Bank, U.S. Bank, Huntington Bank, and Regions Bank provided a balance sheet execution. This reflects the strategic vision set forth by Big V Property Group’s senior management to support the Fund’s long-term growth.

“The Core Fund represented a unique opportunity to finance generational assets defined by exceptional quality, strong occupancy, and enduring stability — all supported by the proven operations of Big V Property Group,” said Bryan Kallenberg, Vice President of Capital Markets at Big V Property Group. “We’re deeply appreciative of the partnerships we’ve built with our four lending institutions — each one is a reflection of our team’s dedication and relentless drive for growth.”

Big V Property Group will serve as sole manager to the Fund.

For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com

(Top open-air developer/managers to bring nearly 1 million square feet of retail to Collin County in a rare ground-up development project. Photo credit: Heights Venture Architecture & Design)

CHARLOTTE, N.C. and DALLAS (September 26, 2025) — In a rare new, ground-up retail development, Big V Property Group and The Seitz Group are teaming up to build the first of two premier, open-air shopping centers totaling nearly 950,000 square feet of new retail in Collin County, the companies announced.

“For over a decade, retail developers have been cautious to expand supply,” said Jeffrey Rosenberg, Chairman and CEO of Big V Property Group. “However, in fast-growing North Dallas more supply is needed and requires new developments that are configured and leased to their wants and needs. We are working with Eric Seitz on this exciting new project to bring our decades of management, operations, and leasing experience to North Dallas.”

The project marks Big V’s first ground-up development and is already 70% leased to creditworthy tenants. The first center will be:

New retail construction has been extremely rare in recent years, with new supply rising just 0.5% annually over the past decade, compared with 2.5% prior to the Great Financial Crisis of 2008, according to advisory firm Green Street. In the post-pandemic area, open-air development starts have averaged 0.3% of existing stock annually. The result is high occupancy, but communities that are underserved in terms of the contemporary retail facilities and tenants they need.

Rosamond Crossing is also a shift into new construction for Big V Property Group, which has acquired a portfolio of 50 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the U.S.

“This project draws upon the Big V’s long history of real estate development,” said Kenton McKeehan, President and Chief Investment Officer of Big V Property Group. “For this project, we chose to partner with The Seitz Group due to their deep knowledge of the North Dallas market and extensive open air retail development know-how. They were the obvious choice and we are excited to launch these projects alongside Eric Seitz and his team.”

The project will be located in Collin County, one of the fastest growing counties in the United States, with population growth of 12% from 2020 to 2023 to nearly 1.2 million people. That number is expected to double by 2060, equal to the entire city of Houston. The median household income is $117,000.

“As North Texas continues to grow and thrive, we’re proud to break ground on a new Kroger Marketplace store in Anna that will bring even greater access to fresh, affordable groceries and everyday essentials, plus the addition of 250-300 new jobs. This new site represents more than just a store — it’s a commitment to convenience, community and connection,” said Rudy DiPietro, President, Kroger’s Texas Division. “Kroger is more than a grocery store — we’re a community partner. As an employer, retailer, healthcare provider, and more, we’re committed to making a positive impact in the City of Anna and surrounding communities.”

Kroger’s Marketplace store format will feature the best that Kroger has to offer, including a full-service coffee kiosk, Murray’s Cheese counter, fuel center featuring a grab & go kiosk with beverages and snacks, full-service grocery, produce, floral, meat and seafood, pharmacy, and expanded general merchandise, including outdoor living products, home goods, apparel, toys, and more.

Other developments in the region that will draw residents, visitors, and corporations to the market include the $1.5 billion master-planned community Sherley Farms, connecting to downtown Anna; Universal Kids Resort, expected to open in summer 2026 in Frisco; and an expansion of the McKinney airport. Multiple new residential developments have also been announced for Anna.

Rosamond Crossing is the result of a strong partnership between The Seitz Group and Big V Property Group, which boast decades of combined experience in retail development and operations. Based in Dallas/Fort Worth, The Seitz Group has developed more than 50 retail shopping centers totaling over eight million square feet over its 33-year history. Big V Property Group, with over 80 years of experience, owns and manages more than 50 shopping centers, including five premier properties in Texas. Together, the partnership contributes extensive expertise in commercial real estate development, asset management, property management, and leasing.

Kaufman Consultants, a women-owned firm with almost 20 years of retail development experience, supported the partnership by aligning its vision with the City of Anna’s goals through expert guidance in planning and permitting, ensuring the project moved efficiently from concept to reality.

“This project showcases the strength of collaboration. With the City of Anna’s support and our partnership with Big V, we’ve created a Class A destination that brings grocery, restaurants, retail, wellness services — everything that the residents have asked for — to the community. It will be the foundation for Anna’s continued growth,” said Eric Seitz, The Seitz Group.

Rosamond Crossing is being financed with a combination of developer equity, financing from private equity partner, Equity Street Capital, and construction loan from Valley Bank.

“The pre-leasing velocity and the shadow anchor Kroger component to Rosamond Crossing allowed us to run a thorough competitive construction financing project. Ultimately, Valley Bank — a valued lending partner with a strong existing relationship with Big V — provided the construction financing on highly attractive terms,” said Bryan Kallenberg, Vice President of Capital Markets for Big V Property Group.

“Valley is very excited to be a part of the Anna Kroger development. Big V is a long-time client. They are one of the best retail operators in the country,” said Todd Harris, Commercial Real Estate – Division Head at Valley Bank. “Eric Seitz also brings an impressive track record of retail development expertise to the deal. DFW’s demographics and growth are unparalleled.  Anna is a critical part of this growth, and we are thrilled to be involved in this project.”

Permitting has begun and sitework is expected to begin this month, with vertical construction on Phase 1 in April 2026, with an April 2027 tentative opening. Phase 2 will begin construction in March 2027, with opening in March 2028.

The development will create approximately 400 jobs during construction and is estimated to create 125 permanent jobs when fully open and operational.

“This is a great moment in Anna’s history, and one that will continue to benefit our citizens for years to come,” said Pete Cain, Mayor of Anna, Texas. “We’re delighted that Big V, The Seitz Group and Kroger recognize the growth of our community and are excited for opening day!”

About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

About The Seitz Group
The Seitz Group (SGI) is a real estate development company located in the Dallas-Fort Worth area. SGI’s development process begins in the pre-development phase, where market and site analyses determine project feasibility and guide its formulation. Once a project is deemed viable, SGI focuses on design, financing, and scheduling.

During construction, a team of experts manages all aspects, including cost control, field supervision, and coordination with operational needs, ensuring the project’s economic viability and long-term adaptability. SGI has completed 51 projects totaling 9.5 million square feet of retail space over 33 years.

In leasing, SGI maximizes rent through strategic tenant mixes, creative marketing, and lease negotiations, while their property management services provide comprehensive solutions, from accounting to redevelopment analysis.

For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com

The diverse group BJ’s Brewhouse, Hobby Lobby, Starbuck’s, T-Mobile, Skechers Outlet and more at centers including Harbison Court, above. Photo credit: Big V Property Group.

CHARLOTTE, N.C. (September 3, 2025) —Big V Property Group, a leading owner, operator, and developer of premier retail properties in high-growth Sunbelt markets, has successfully completed a $21.4 million refinancing for a diversified group of net-leased tenants, all a part of shadow anchored centers in the Big V Portfolio in the southern United States.

The properties are part of the Big V Income Fund, a nine-asset portfolio focused on generating stable, long-term cash flow through net-leased retail investments. The new financing package, secured through a regional bank, provides a sub-6% interest rate on-balance sheet, reinforcing the strength of the fund’s asset quality and tenant mix. All assets in the transaction are net-leased (NNN) to creditworthy, long-term tenants, providing predictable income and minimal landlord responsibilities.

“We’re pleased to have secured favorable terms in today’s attractive interest rate environment, which underscores the confidence our lending partners have in our assets and strategy,” said Bryan Kallenberg, Vice President of Capital Markets. This refinancing reflects the ongoing strength of the Big V Income Fund’s net lease portfolio.”

The properties are the ground leases at:

The nine properties in the Big V Income Fund are all highly visited centers, and shadowed by notable anchored tenants which include, Target, Marshalls, TJMaxx, Burlington, Ross, Ulta, and others. Big V Property Group remains focused on acquiring and managing high-performing retail centers in vibrant Sunbelt markets, characterized by robust demographics, consistent foot traffic, and long-term economic growth.

About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com

Industry veteran brings two decades of experience to national retail portfolio.

CHARLOTTE, N.C. (July 10, 2025) — Open-air shopping center owner/manager Big V Property Group has named industry veteran Josh Binkley, P.E., LEED AP as Vice President of Construction, overseeing the planning, execution, and delivery of capital projects across the company’s growing national retail portfolio.

Josh will lead a team of project managers and tenant coordinators, ensuring construction initiatives align with Big V’s strategic goals for asset enhancement, leasing support, and long-term value creation.

From budgeting and permitting to contractor management and tenant delivery, Josh drives operational excellence and ensures projects remain on schedule, within budget, and consistent with brand and quality standards.

“We welcome Josh at a particularly apt moment in our company’s 83-year history,” said Kenton McKeehan, President and Chief Investment Officer of Big V Property Group. “As we continue to expand our holdings and our redevelopment opportunities, Josh’s experience will be invaluable.”

Josh brings over two decades of experience in commercial real estate development and construction, including ground-up shopping center development, complex redevelopments, and national tenant build-outs for both public REITs and private real estate firms including U.S. Realty Partners, Brixmor Property Group, Sunston Two Tree, Douglas Emmett, Kornwasser Shopping Centers and Simon Property Group.

“Big V is not just reinventing individual shopping centers; it also is reinventing how retail real estate tenants interact with each other and interact with their guests,” Binkley said. “I’m excited to join such a dynamic company and bring all of my experience to its incredible team.”

Josh is a licensed Professional Engineer with a B.S. in Civil Engineering from Ohio University. An active member of ICSC and he has spoken at several national events on retail construction trends and redevelopment strategy.

About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com