BACELINE INVESTMENTS ACQUIRES FOUNTAIN VILLAGE SHOPPING CENTER

DESOTO — Denver-based Baceline Investments, a private equity real estate investment management company, has purchased Fountain Village Shopping Center, a 37,000-square-foot neighborhood retail center in DeSoto. Baceline acquired the property from a loan special servicer for $1.2 million. Built in 1986, the property is only 25 percent occupied. Baceline intends to convert the property into convenient, low-cost medical office space. Fountain Village is the fourth distressed property acquired by Baceline in the past year as part of its distressed property initiative.