Whistler Creekside Village in B.C. and Blue Mountain Village in Ontario are among several North American ski resorts whose retail assets were recently sold in a $103-million deal to a private real estate consortium between The Imperium Companies, MMG Equity Partners and Blue River Family Office Partners. retail portfolio

CNL Lifestyle Properties sold the seven-property portfolio, which consists of 423,482 square feet of ground-floor retail located within each luxury resort.

“These stabilized yet dynamic assets are unique in location, diversification, and tenancy,” said Lori Schneider of Marcus & Millichap’s IPA Division, who brokered the deal. “The portfolio is very well suited to the buyers’ investment strategy.”

This portfolio is said to be the first of several acquisitions of destination real estate amongst the partnership.

“We are excited to merge our deep real estate and financial backgrounds amongst the partners with our love for the outdoors,” said Kyle A. Mowitz, partner, The Imperium Companies. “Servicing our tenants and continuing to maximize the guest visitor experience will be amongst our main goals of this acquisition and the many more to come.”

Other properties in the portfolio are: The Village at Mammoth, California; Village at Snowshoe, West Virginia; Village at Copper, Colorado; Stratton Mountain Village, Vermont; and The Village of Baytowne Wharf, Florida.

Photo of Whistler Creekside Village in B.C. courtesy of Tourism Whistler