FORGE ANNOUNCES SALE OF DANIELS CROSSING SHOPPING CENTER

Forge Real Estate Partners IV, LP (the "Fund"), a joint venture between Forge Capital Partners and The Sembler Company, is pleased to announce the sale of Daniels Crossing Shopping Center, a 110,780 square foot Publix anchored shopping center located in Fort Myers, Florida.

Daniels Crossing is strategically positioned at the high visibility intersection of Daniels Crossing and Six-Mile Cypress, providing exceptional accessibility to several demand drivers and enjoying over 100,500 vehicles per day. The Fund acquired the property in March of 2021 and generated outsized returns by taking the property from 72% to 95% occupied, and by executing a redevelopment which included a new Publix store.

About Forge
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. Forge has built a strong track record as an acquirer and operator of commercial real estate, specializing in socially responsible projects throughout the Southeast. Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over a billion dollars in retail and multifamily real estate transactions.

About Sembler
The Sembler Company, formed in 1962, is one of the premier fully integrated commercial real estate companies in the United States. Specializing in retail shopping center development, Sembler has developed over 30 million square feet throughout the Southeast and Puerto Rico for national retailers such as Publix and Target. The company currently manages and leases over 8 million square feet of company owned and third-party managed retail properties.