• Successfully delivered a buyer for the 34 Tenants-in-Common (TIC) Co-Owners of Verdae Village Shopping Center, a grocery anchored community shopping center.  The sale of the property comes ahead of a November loan maturity.
  • Despite a very narrow range of prospective buyers, due to challenges presented with the property’s ground lease, the NAS team resourced and identified a buyer whose acquisition strategy fit with the Verdae Village property’s potential.
  • NAS assumed asset management of the property in 2018 and immediately began to strategically fill property vacancies to strengthen the property’s NOI.
  • Despite two major tenants filing chapter 11 during the Covid-19 Pandemic, tenant occupancy was over 95% at the time the property was marketed for sale.
  • Large properties with many TIC ownership positions are uncommon in today’s marketplace. One reason for the aversion to utilizing the TIC structure is that it requires unanimous approval of every TIC co-owner to sell the asset.
  • At the closing of the sale transaction then requires each member to execute all requisite documents pursuant to the transaction requirements with strict adherence to deadlines.
  • Built in 1989 and situated on just over 24 acres, Verdae Village is anchored by Food Lion, K&G Fashion Super Store, Office Depot, and Planet Fitness.


  • National Assets Services Success Stories

    National Asset Services is a nationally respected, owner-entrusted commercial real estate management company that has delivered positive results for over 2500 investors nationwide. With experience in managing properties, located in diverse markets across the country, the NAS team knows that all owners have one goal in common:

    Increase Property Value. Optimize Property Performance.

    If you’re looking for a better commercial real estate management company, put the NAS team to work for your asset today. You will quickly see how an experienced commercial property management company will be a real difference in the making of your property’s success story.

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