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Phillips Edison is transforming The Kenwood Collection. The Kenwood Collection is returning the favor.
Phillips Edison & Company has grown by acquiring troubled shopping centers in good locations, redeveloping and improving the tenant mix. Over the years, the company has continued to optimize retail property value with its complete operating platform providing a diverse range of retail solutions. Today, the Phillips Edison portfolio contains more than 260 shopping centers across the country.
Jeffrey Edison and Michael Phillips founded Phillips Edison in 1991, at the depth of the commercial real estate depression caused by savings and loans driven to bankruptcy by poor real estate investments. "Lots of distressed property was on the market," said Phillips. "Our idea was to buy small grocery-anchored centers at discounted prices and add value by improving the property."
The company doesn't just focus on grocery- anchored centers anymore.
When the housing bubble wrecked the com- mercial real estate industry in 2007, the princi- pals saw...