FORGE ANNOUNCES SALE OF CAUSEWAY SHOPPING CENTER

Forge Real Estate Partners III, LP (the “Fund”), a joint venture between Forge Capital Partners and The Sembler Company, is pleased to announce the sale of Causeway Shopping Center, a 107,171 square foot Ross, Michaels and Bealls anchored shopping center located in Melbourne, Florida.

Causeway Shopping Center is perfectly located at the primary entrance of Indian Harbour Beach, at a signalized intersection with over 58,000 cars per day. The Fund acquired the property in November 2014 and created value through re-merchandising the tenant mix including the addition of Michaels.

About Forge
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. Forge has built a strong track record as an acquirer and operator of commercial real estate, specializing in socially responsible projects throughout the Southeast. Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over a billion dollars in retail and multifamily real estate transactions.

About Sembler
The Sembler Company, formed in 1963, is one of the premiere full-service real estate companies in the United States. Specializing in commercial retail development, Sembler has developed over 350 properties throughout the Southeast and Puerto Rico, consisting of 30 million square feet and national retailers such as Publix and Target. The company currently manages and leases over 8 million square feet of company owned and third-party managed retail properties.