We are pleased to share the successful realization of our Elk Grove - Laguna Reserve Marketplace investment in partnership with Gallelli Real Estate.

What started in 2019 as a 33K SF non-anchored retail center evolved into a grocery-anchored, institutional-quality asset — driven by a clear thesis and disciplined execution.

The opportunity:

• A well-located center with below-market rents, entitled land for expansion, and strong population growth — but missing a true anchor.

The strategy:

• Create value by delivering a best-in-class grocer and unlocking the full potential of the site.

Execution highlights:

• Developed a ~57K SF Safeway on a 20-year NNN lease
• Positioned the center as the only traditional grocer in the trade area
• Benefited from thousands of new homes built and planned nearby
• Maintained strong occupancy and leasing throughout the hold

The outcome:

• Sold the shop space in 2025, returning capital early
• Completed the business plan with the sale of Safeway + future fuel pad in 2026
• Final sale executed with our original operating partner — highlighting long-term alignment

Why this matters: This deal is a strong example of how we create value:

• Start with basis
• Execute through development + leasing
• Monetize strategically in phases

Proud of the outcome and grateful to our partners who helped bring this vision to life.

If you would like more information on Oakwood Real Estate Partners, please contact info@oakwoodre.com or 303.595.7668.