ATLANTA, June 15, 2021 /PRNewswire/ -- RCG Ventures I, LLC, ("RCG" or the "Company") an industry leading owner and operator of value-add anchored shopping centers today announced that it has promoted Randy Garfinkle to Chief Operating Officer.
"The promotion of Randy is well deserved, as he's played a critical role in advancing the growth of our organization over the past nine years and most recently led our Company through the headwinds of COVID-19," said Michael McMillen, Co-Founder and Chief Executive Officer. "Randy's deep understanding of our business model and operational vision enables him to drive our collaborative, results driven culture and continue our vision of being the nation's premier value-add real estate investment company."
Mr. Garfinkle has been with RCG since 2012. In his previous role as Senior Vice President – Director of Investments, Mr. Garfinkle directed investment activities totaling $1 billion. Prior to joining RCG, Mr. Garfinkle worked in the financial sector at TD Bank, practiced law at Parker Poe and directed retail activities for the West Coast office of Zapolski + Rudd. Mr. Garfinkle is a member of the International Council of Shopping Centers as well as the State Bar of South Carolina and California.
"RCG's platform is driven by a team of energetic, productive retail professionals and it's an honor to work with each department to drive results and continue RCG's long track record of creating value for our tenants, investors and partners," said Mr. Garfinkle.
About RCG Ventures
RCG Ventures is an Atlanta-based privately funded real estate investment group that acquires shopping centers, redevelops assets, and develops commercial real estate in the Continental United States. The company's primary focus is acquiring and repositioning value-add anchored shopping centers in secondary and tertiary markets.
Founded in November of 2003, RCG Ventures has steadily grown its portfolio through direct equity investment in shopping centers. In addition, the company selectively enters joint ventures with institutional partners and with owners in search of an equity partner. Since inception, RCG has acquired 179 assets totaling approximately $1.4 billion of Invested Capital. RCG's current portfolio includes approximately 64 assets in 25 states, and approximately 8.5 million square feet.
RCG is acquiring assets in its sixth real estate fund and plans to acquire $250 million of assets in this fund.
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SOURCE RCG Ventures, LLC