Devonshire REIT Company Profile
Devonshire REIT, Inc. is a fully integrated commercial real estate company that owns, operates and develops Grocery-Anchored and Value-Oriented Neighborhood Shopping Centers, and Triple-Net Single Tenant properties primarily in the Great Lakes, Midwest and Southeastern regions of the United States.
The company's management team has over 200 years of commercial real estate experience combined and has bought, sold or developed over $1 billion in properties. This experience has been key in growing Devonshire from only $17 million in assets to almost $120 million in total assets and 1.75 million square feet under management.
Devonshire REIT, Inc. was created as a commercial real estate investment vehicle expressly for professional fiduciaries, and unlike other private and non-traded REITs, Devonshire extracts no asset-based fees from its shareholders and pays no commissions. This leaves more of every investor dollar to be used for its intended pupose - acquiring high value, income generating properties.
About Us.
News from Devonshire REIT:
Devonshire REIT, Inc. Appoints Industry Heavyweight, Michael A. Carroll, As New CEO and Board Member
WHITEHOUSE, Ohio, May 16, 2016 /PRNewswire/ — Devonshire REIT, Inc., a private real estate investment trust, is pleased to announce the appointment of Michael A. Carroll as CEO and member of the Board of Directors. Michael was previously CEO of Brixmor Property Group, Inc. (BRX) where he was responsible for the overall strategic direction and execution […]
Devonshire REIT Recognized As One of the Fastest Growing Commercial Real Estate Companies
WHITEHOUSE, Ohio, Jan. 6, 2016 /PRNewswire/ — Devonshire REIT, Inc., a private real estate investment trust, announced today its recognition by Real Estate Forum magazine as one of the fastest growing commercial real estate companies in the United States. Nominees were chosen from a nationwide pool of entrants and rankings were based on both revenue […]
Devonshire REIT Announces Preferred and Common Share Offerings Totaling up to $337.5 Million
WHITEHOUSE, Ohio, Nov. 25, 2015 /PRNewswire/ — Devonshire REIT, Inc., a private real estate investment trust, announces its first Preferred Share offering and a new offering of its Common Shares. Devonshire REIT intends to raise up to $337.5 million of proceeds from the offerings, with $200 million allocated to Preferred Shares and $137.5 million to Common […]
Devonshire REIT Surpasses $500M Milestone With Acquisition of Two SW Florida Retail Centers
WHITEHOUSE, Ohio, April 22, 2015 /PRNewswire/ — Devonshire REIT, Inc., a private real estate investment trust, announced today the acquisitions of two shopping centers in southwest Florida, The Cypress Shopping Center in Tampa at a cost of $24.6M, and The Shoppes at Plantation in Fort Myers at $14.9M. With these acquisitions, the REIT has surpassed […]
Devonshire REIT Acquires $10.8M Publix Anchored Center in Florida
WHITEHOUSE, Ohio, Feb. 11, 2015 /PRNewswire/ — Devonshire REIT, Inc., a private real estate investment trust, announced today the acquisition of 12 Oaks Shopping Center in Bradenton, Florida for $10.8M. Photo – http://photos.prnewswire.com/prnh/20150211/174970 12 Oaks Shopping Center is a 80,499 square foot neighborhood center located at the intersection of State Road 70 (Oneco-Myakka City Road) and […]
Devonshire REIT Completes $88.4M Acquisition of Three Shopping Centers
WHITEHOUSE, Ohio, Nov. 12, 2014 /PRNewswire/ — Devonshire REIT, Inc., a private real estate investment trust, announced today the acquisition of 3 new properties: The Plaza at Chapel Hill in Akron/Cuyahoga Falls, Ohio; Oak Park Town Center in Chattanooga, Tennessee and Forest Park Plaza in Brazil, Indiana. Photo – http://photos.prnewswire.com/prnh/20141112/158222 Photo – http://photos.prnewswire.com/prnh/20141112/158221 Mike Denman, […]
Devonshire REIT Completes Acquisition of 3 Shopping Centers for $69.75M
WHITEHOUSE, Ohio, Oct. 31, 2014 /PRNewswire/ — Devonshire REIT, Inc., a private real estate investment trust, announced today the acquisition of three shopping centers at a total cost of $69.75M: Maple Hill Mall in Kalamazoo, MI; Alpine Summit Shopping Center in Grand Rapids, MI; and Northwest Crossings Shopping Center in Knoxville, TN. Photo – http://photos.prnewswire.com/prnh/20141031/155883 Maple […]
Devonshire REIT Acquires Grocery-Anchored Center in Ohio for $35M
WHITEHOUSE, Ohio, June 16, 2014 /PRNewswire/ — Devonshire REIT, Inc., a private real estate investment trust, announced today the acquisition of Pavilion Shopping Center in Beachwood, OH, a suburb of Cleveland, for $35 million. Logo – http://photos.prnewswire.com/prnh/20140616/118596 Photo – http://photos.prnewswire.com/prnh/20140616/118595 Pavilion Shopping Center is a 249,873 square foot Giant Eagle anchored power center with Big Lots, […]
Devonshire REIT Completes $31M Acquisition of 5 Retail Properties in Ohio
WHITEHOUSE, Ohio, Dec. 23, 2013 /PRNewswire/ — Devonshire REIT, Inc. (http://devreit.com), a private real estate investment trust, announced today the acquisition of five retail properties in Ohio for $31 million. (Logo: http://photos.prnewswire.com/prnh/20131223/PH38036LOGO ) Monroe Street Square Shopping Center at 5333 Monroe Street, Toledo, Ohio is a 124,904 square foot Hobby Lobby anchored center. Other national […]
Devonshire REIT Announces Acquisition of Great Lakes Plaza, Shopping Center in Mentor, OH with National Tenant Occupancy, for $8.0M
Company Expands Footprint into Cleveland MSA with Purchase of 100% Leased Center WHITEHOUSE, Ohio, Dec. 5, 2013 /PRNewswire/ — Devonshire REIT, Inc. announces it has closed on the purchase of Great Lakes Plaza, a Michaels and hhgregg co-anchored shopping center located in the Cleveland suburb of Mentor, OH. Other national tenants include: Shoe Carnival, Tuesday Morning and Cato Fashions. The property consists of […]
Devonshire REIT Announces Acquisition of Dollar Tree Anchored Shopping Center in Michigan
WHITEHOUSE, Ohio, July 9, 2013 /PRNewswire/ — Devonshire REIT, Inc. has closed on South Haven Shopping Center, a Dollar Tree and Dunham's Sports co-anchored shopping center in South Haven, MI. The property contains 40,040 square feet and is 100% leased. FirstMerit Bank, a division of FirstMerit Corporation, provided the financing. Chris Campbell, President and CEO of […]
