CHICAGO, IL – Industry veterans Christopher Nolte and David Schreiber have launched the new private equity platform AneVista Group. The professionals formed the company to focus on innovative investment and operational strategies in the retail real estate sector.
AneVista was formed during a significant structural development in the retail sector, while real estate investors expect significant pressures and valuation declines within the sector. However, AneVista intends to develop and redevelop small-format, demand-oriented shopping centers. The company targets e-commerce resilient retailers in last mile locations that address the trends that are changing consumer preferences and retailers' business operations.
To capitalize on significant product availability and distressed prices, the company will focus on specific retail segments that mitigate the risks of large-format malls and deploy solutions that meet retailer and consumer demand for innovation. Viewing the ongoing disruption to the industry as a unique opportunity to pursue a highly focused, value-driven strategy, the professionals plan to redefine the future of last mile retail.
"We plan to organize our investments in the longest running retail segments and create value through strategic retail partnerships, joint venture relationships, new location uses and innovative operational solutions that address the shift in omnichannel, logistics and fulfillment," explains Nolte.
The company's strategy is based on favorable market fundamentals and investment qualities, and aims to promote the relevance of sustainable assets and achieve risk-adjusted investment returns.
“This was an ideal time to bring our unique experience and perspective to a sector that requires urgent innovation,” says Schreiber. “As stewards of the built environment, the real estate industry has an obligation to maintain the relevance of shopping centers for the benefit of retailers, consumers and our communities. AneVista was born out of a passion for this responsibility and a focused vision to redefine the future of small format retail on the last mile. "
Nolte and Schreiber, co-founders and managing partners, have a combined experience of 40 years in the commercial real estate industry, spanning private equity and related disciplines. Throughout their careers, the two professionals have achieved the investment goals of institutional, family office and high net worth investors.
Previously, Nolte was President of the Marcus Investments Family Office and also founded the real estate development and investment company Berengaria Development, which focuses on retail and senior housing. He has 20 years of experience buying, operating and growing retail real estate companies.
Previously, Schreiber was Managing Director and Head of the Retail Sector at LaSalle Investment Management, where he managed retail and office investments and consistently acted as a top producer. As a seasoned real estate investment manager, Schreiber has 20 years of experience leading acquisitions and development activities worth more than $ 4 billion across a variety of property types, markets, risk profiles and transaction structures.