RISE PARTNERS LAUNCHES IN CHATTANOOGA

CONTACT: Robin Derryberry
Robin@Derryberrypr.com
423.755.7588
423.667.1106

FOR IMMEDIATE RELEASE RISE PARTNERS LAUNCHES IN CHATTANOOGA, CLOSES ON FIRST ACQUISITION


Firm Focuses on Development, Redevelopment, Acquisitions and Joint Ventures Chattanooga, TENN. (July 9, 2018) — Real estate investors Geoff Smith, Matt Phillips and Jay Wiseman have formed Rise Partners, a company focused on shopping center acquisitions, redevelopments and ground-up developments. The group brings significant experience, market knowledge and retailer relationships to bear in seeking value add opportunities in southern markets.   Combined, Smith and Phillips have over 10 million square feet of development and redevelopment experience across 12 states, coupled with exceptional tenant relationships. Wiseman brings $7 billion of acquisition experience to round out a team capable of executing a variety of real estate strategies. “I’m very excited about the team we have assembled here at Rise and the future of our company,” said Smith. “We have a unique opportunity to both make a difference in the communities where we invest, while providing strong, sustainable returns for our investors.” Rise Partners closed on their first acquisition on June 27, purchasing Jackson Plaza, a 350,000 SF shopping center, located in Cookeville, Tenn. A redevelopment beginning this fall will subdivide a now-vacant 80,000 square foot former Sears building to create two new tenant spaces to be occupied by well-known national retailers. The project will complement the existing tenants, which include Belk, TJ Maxx, Old Navy, Dunham’s Sports, Food Lion, Books a Million and Petco.   “We are excited about what the future holds for our growing portfolio,” said Phillips. “Our success can only be attributable to the long-term relationships we have and partners who’ve placed their trust in our abilities. We’re grateful for the foundation they’ve set for our new company and look forward to putting them to work regionally.”   

To learn more about the company, visit: www.RisePartners.net or find them on LinkedIn, Rise Partners.