A private real estate consortium between The Imperium Companies, MMG Equity Partners and Blue River Family Office Partners has picked up a seven-property portfolio of retail assets located within luxury resorts. The $103 million sale consists of 423,482 sqf of ground-floor retail, in the mixed-use villages of six ski resorts and one golf and beach resort, in the United States and Canada. The properties are: Whistler Creekside Village, British Columbia, Canada; The Village at Mammoth, California; Village at Snowshoe, West Virginia; Village at Copper, Colorado; Stratton Mountain Village, Vermont; Blue Mountain Village, Ontario, Canada; and The Village of Baytowne Wharf, Florida. Lori Schneider, executive director of Marcus & Millichap’s Institutional Property Advisors division represented the seller, CNL Lifestyle Properties.
“We are pleased to have acquired this portfolio of high-quality resort villages, the first of several acquisitions of destination real estate amongst the partnership. The team did a great job of executing on this complex and unique opportunity,” added Marcel Navarro, partner, MMG Equity Partners.
