By Laurie Schreiber, Mainebiz
After acquiring its first investment property in 2022 for $2 million, CORE’s acquisitions division recently sold the Belfast shopping center for $2.8 million, achieving a 28.4% internal rate of return for investors.
The Portland brokerage firm, led by Josh Soley, launched its acquisitions division in July 2024 with a goal to reduce the barrier to entry to local investors interested in diversifying their portfolios by entering the commercial real estate market.
The division leverages its in-house team of management, development, brokerage, underwriting and risk assessment professionals and aims to offer investors and partners an opportunity to deliver competitive yield and fee structures.