Headwall is ready to take on more after the successful purchase of The Shoppes at Wilderness Oaks in San Antonio. According to the San Antonio Business Journal, Headwall is seeking capital from investors for their next venture, which they consider to be a safe bet in today’s challenging real estate market: retail centers.
The firm has already used its first fund and is now raising $100 million for a second one with plans of expanding into Dallas-Fort Worth and Houston areas. Headwall focuses on neighborhood shopping centers that have been overlooked by institutional investors due to high occupancy rates and rental growth potentials as well as areas with high residential and multifamily development since shopping center construction has lagged behind significantly.
