Deal Details
ACD Forms $50 Million Programmatic Joint Venture with Corebridge
Summary
Armstrong Capital Development ("ACD") and its affiliates have entered into a $50 million programmatic joint venture with Corebridge Real Estate Investors (“Corebridge”) to acquire and develop high-quality retail assets in select high-growth markets across the United States. The venture completed its inaugural acquisition with the purchase of Townridge Shopping Center.
Baird served as exclusive financial advisor to ACD on this transaction.
About
Armstrong Capital Development is a vertically integrated real estate investment and operating company founded in 2005. The firm focuses on essential commercial real estate, including anchored retail, small-bay industrial and self-storage assets, applying a repeatable, cycle-tested investment strategy refined over more than two decades. ACD specializes in the middle market, where hands-on execution and local expertise create competitive advantage and drive results. ACD is headquartered in Greenwood Village, Colorado.Corebridge Real Estate Investors manages over $8 billion in real estate assets globally with a focus on acquiring, developing and managing properties across diverse commercial and residential sectors. Corebridge is headquartered in New York, New York.
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- Date
- September 2026
- Company
- Armstrong Capital Development
- Transaction
- Capital Solutions
- Sectors
- Real Estate
- Verticals
-
Real Estate
- Target Geography
- North America
- Acquiror Geography
- North America
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