In July 2025, we closed the sale of our 27,608 square foot multitenant retail/service center in Schererville, IN. While the asset was co-owned by Cloverleaf Funds VI and VII, when viewed on its own, it yielded an 11.46% IRR and 2.11 equity multiple over the course of our 9.5-year hold.

We acquired Main Street Center in late 2015 because of its infill location in a solid and growing submarket, double drive-thrus, and under-market rents. The combination of the property’s location and Cloverleaf’s active leasing/management yielded significant value creation; we’re gratified by the investment’s outcome.