N3 PARTNERS WITH JPS INVESTMENT CO.

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SOUTHLAKE — Southlake-based N3 Real Estate has partnered with Atlanta, Ga.-based JPS Investment Co. to focus on the acquisition of grocery-anchored shopping centers. JPS is sourcing the shopping center acquisitions, the first of which will close next month and be anchored by Publix, with capital coming from a $200 million real estate investment and development fund that N3 Real Estate advises and directs. The goal of the partnership it to take the portfolio to $100 million by the end of 2012.

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