Lakeview Village Case Study

$24.0 mm Mixed-Use Retail Development – D’Iberville, MS

  • The center was developed over several phases with well over 640,00 thousand square feet of retail space filled with strong national tenants
  • Located at the intersection of I-10 and I-110, Lakeview Village proved to be a high-traffic location with strong local demographics
    –   Four miles from the main entrance of Keesler Air Force Base, which is a significant driver of economic activity in the Gulf Coast as well as the largest employer in the region and the training base for 40,000 military and medical support staff annually
    –   Five miles from Beau Rivage, a beachfront MGM Mirage Resort in Biloxi, and close to several other Biloxi casinos
  • Encore’s close relationships with the city of D’Iberville helped drive the growth of Lakeview Village, attract high quality tenants, increase traffic, and maintain consistently high demand
    –   In 2014, a new five lane road expansion was completed to facilitate transportation in, and throughout, the development
  • While the Company still owns a minority interest in a few phases, Encore exited this development project north of a 50% IRR with an average hold period of under 2 years