Inland Diversified Kissimmee, a new non-traded REIT, has acquired Pleasant Hill Commons shopping center for $12.4 million. The all-cash purchase of the Kissimmee, Fla., shopping center is the REIT's second transaction. The 70,642-square-foot Publix-anchored shopping center is fully leased.
Community Reinvestment Partners II, a joint venture between Forge Capital Partners and DeBartolo Development, acquired Fairway Oaks in Hudson, Fla., from Case Pomeroy Properties for $7.6 million. The 79,000-square-foot center is anchored by Publix.