FORGE ANNOUNCES ACQUISITION OF LAKE CITY COMMONS

Forge Real Estate Partners IV, LP, a joint venture between Forge Capital Partners and The Sembler Company, has acquired Lake City Commons, a 91,494 square foot grocery anchored shopping center located in Lake City, Georgia, a suburb of Atlanta.

Lake City Commons is anchored by a Kroger supermarket that has operated at the property since its original construction in 1997 and recently affirmed its long-term commitment to the center by adding a fuel station in 2019. The property is located along the high traffic thoroughfare of Jonesboro Road, which connects nearby residents to I-75 for commuting throughout Atlanta. This asset is well positioned to benefit from the Atlanta metropolitan area’s continued economic expansion driven by high quality of life and low cost of living. The Fund Manager plans to create value through the lease up of vacant space and remerchandising of the tenant mix.

About Forge

Forge Capital Partners is a diversified, commercial real estate investment and investment management company. Forge has built a solid 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 300 properties throughout the Southeast and Puerto Rico, consisting of 27 million square feet and including 44 Publix-anchored centers and 25 Target-anchored centers. The company currently manages and leases over 10 million square feet of company owned and third party retail properties.