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Real estate trust buys Trader Joe’s shopping center in Templeton

March 2, 2016

Posted: by News Staff | Paso Robles Daily News

Company owns and manages 64 grocery-anchored shopping centers

–Phillips Edison Grocery Center REIT II, Inc. had announced it has acquired the 21,117 square-foot Vineyard Center in Templeton. Vineyard Center is anchored by the only Trader Joe’s between Templeton and Monterey.

Vineyard Center is located off Highway 101 at Vineyard Drive. The tenant lineup at the shopping center also includes J&R Meats, Mr. Pickles Sandwich Shop and Pier 46 Seafood.

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.