NEW YORK, Aug. 31, 2026 \/PRNewswire\/ — Cohen & Steers (NYSE: CNS) announced today that the Cohen & Steers Real Estate Opportunities Fund (REOF) has acquired Oak Hill Plaza, a shopping center in Austin, Texas. The acquisition was made through a joint venture with Trademark Property Company, a real estate investor, developer, and operator with expertise in retail assets in Texas. <\/p>\n
Oak Hill Plaza aligns with Cohen & Steers’ investment thesis of acquiring well-occupied, income-generating shopping centers anchored by necessity-based retailers in growing, supply-constrained markets. The center is 92.5% occupied and has a diverse tenant roster including Wells Fargo, The Picklr, Pluckers, Dollar Tree, and Autozone. <\/p>\n
James S. Corl, Head of the Private Real Estate Group at Cohen & Steers, said:
“In the decades since Oak Hill Plaza was originally built and tenanted, the intersection where it is situated has transformed from an ordinary country road serving a lightly populated, moderate-income area to a critical gateway leading from downtown Austin to some of the most wealthy suburbs in the city. The property was impaired by the 10-year highway infrastructure project that affected visibility, parking and access to the property. Now, with the completion of the new interchange at the property’s front door, there is an opportunity to transform this center with unique visibility into one that addresses the very affluent populace that funnels past the center every day.” <\/p>\n
Oak Hill Plaza sits in an affluent area of southwest Austin at a major high-visibility intersection (US-290 and State Highway 71), which is nearing completion of a major ten-year roadway improvement. The area has a 3-mile population of approximately 60,000, with a median household income of $120,000 and median home value of $688,000 as well as strong population growth.1 This fast-growing and affluent market offers a compelling opportunity to further elevate the tenant mix and enhance the property’s long-term value. <\/p>\n
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore. <\/p>\n
About Trademark Property Company. Trademark Property Company is a full-service real estate firm focused on investments, development, and institutional services of retail, multifamily, office, and mixed-use properties. Fort Worth, Texas-based\u00a0Trademark\u00a0has invested in, developed, or redeveloped\u00a024 million square feet\u00a0of mixed-use, multifamily, and retail assets worth\u00a0$5 billion. Including projects recently awarded, Trademark’s experienced team of more than 200 employees is currently\u00a0operating\u00a0a 19-property retail and mixed-use portfolio, totaling over\u00a010 million square feet\u00a0across the country, and is actively advancing three development projects.\u00a0A three-decade leader in navigating the changing mixed-use real estate landscape, Trademark’s purpose is to be extraordinary stewards, enhance communities, and enrich lives.\u00a0For more information, visit www.trademarkproperty.com<\/a>\u00a0or interact on Facebook<\/a>, LinkedIn<\/a>, and Instagram<\/a>.\u00a0 <\/p>\n 1\u00a0Source: CoStar, as of 6\/11\/2026 <\/p>\n Website: www.cohenandsteers.com<\/a>\u00a0 <\/p>\n View original content:https:\/\/www.prnewswire.com\/news-releases\/cohen–steers-and-trademark-acquire-oak-hill-plaza-shopping-center-in-austin-texas-302865012.html<\/a> <\/p>\n <\/a> Cision <\/p>\n