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:
- RIM – San Antonio, TX – 1.2 million square feet
- The Avenue Murfreesboro – Murfreesboro, TN – 851,051 square feet
- Southpark Meadows – Austin, TX – 938,103 square feet
- Glynn Isles – Brunswick, GA – 193,039 square feet
- Alamo Ranch – San Antonio, TX – 464,722 square feet
- Westside Center – Huntsville, AL – 488,408 square feet
- Glade Parks – Euless, TX – 559,457 square feet
(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