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WEST PALM BEACH, Fla., May 5, 2021 /PRNewswire/ Sterling Organization, a vertically integrated private equity real estate investment firm, has announced the acquisition of Cinco Ranch Shopping Center, a 97,266-square-foot grocery-anchored shopping center located in the Houston MSA. The property was purchased on behalf of Sterling Organization s institutional grocery-anchored shopping center core fund, Sterling United Properties II, LP ( SUP II ), for $21.25 million or $218 per square foot.
Kroger grocery store which anchors the shopping center
The property is currently 94% leased and anchored by a 63,373-square-foot Kroger grocery store. The property is well-positioned in a densely populated submarket that has over 123,000 people living within a 3-mile radius of the site with an average household income of over $142,000.
® (NYSE: PB), the parent company of Prosperity Bank
® (collectively, Prosperity ), reported net income for the quarter ended March 31, 2021 of $133.3 million compared with $130.8 million for the same period in 2020. Net income per diluted common share was $1.44 compared with $1.39 for the same period in 2020 and the annualized return on first quarter average assets was 1.54%. Additionally, deposits increased $1.403 billion or 5.1% (20.5% annualized) during the first quarter 2021 and nonperforming assets remain low at 0.15% of first quarter average interest-earning assets. With the hard work of our entire team, the combination of Prosperity and LegacyTexas has continued to bear fruit, as reflected in our positive results for the first quarter of 2021, said David Zalman, Prosperity s Senior Chairman and Chief Executive Officer.
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Neighborhoods to Compare The Woodlands to
Neighborhoods to Compare The Woodlands to
Neighborhoods to Compare The Woodlands to.
1. Bridgeland
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