What is Devonshire REIT?
Devonshire REIT, Inc. is a real estate investment trust established in 2009 and headquartered in Whitehouse, Ohio. The company specializes in the acquisition, development, ownership, and management of national credit tenant-anchored neighborhood and community shopping centers, alongside opportunistic single-tenant net lease properties. Its strategic focus on credit-tenant-anchored centers provides a stable foundation for its operations and investment strategy.
How much funding has Devonshire REIT raised?
Devonshire REIT has raised a total of $26.9M across 2 funding rounds:
Private Equity
$19.4M
Debt
$7.5M
Private Equity (2013): $19.4M, investors not publicly disclosed
Debt (2013): $7.5M led by Revere Capital
Key Investors in Devonshire REIT
Revere Capital
Founded in 2006, Revere Capital is an institutional private credit manager with deep expertise in lower middle-market commercial real estate bridge lending and specialty finance.
What's next for Devonshire REIT?
The recent major strategic investment signals a new phase of growth for Devonshire REIT. This capital infusion is likely to be deployed towards expanding its portfolio of credit tenant-anchored shopping centers and potentially exploring new opportunistic net lease acquisitions. The company's established track record in managing such properties, combined with this significant backing, positions it for continued success in the competitive real estate market. Future developments may include further portfolio diversification and strategic partnerships to enhance its market reach.
See full Devonshire REIT company page
