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DALLAS – May 4, 2022 – Centennial,
a real estate investment firm with a national portfolio of retail and mixed-use
destinations as well as a full-service advisory services platform (<a href="https://centennialrec.com/">www.CentennialREC.com</a>), announced
today it has acquired Fairlane Town Center, a three-level super-regional
shopping center in Dearborn, Michigan (<a href="http://www.shopfairlane.com/">www.ShopFairlane.com</a>) in
partnership with Waterfall Asset Management (<a href="https://www.waterfallam.com/">www.waterfallam.com</a>) and
Cawley Partners (<a href="https://www.cawleypartners.com/">www.cawleypartners.com</a>). Originally
opened in 1976, Fairlane Town Center has been an important part of the Dearborn
community for 46 years and is a popular shopping and dining destination for
local residents. Located adjacent to The Henry Hotel and The Fairlane Club, and
in close proximity to the Detroit Metropolitan Airport, the University of
Michigan-Dearborn, Henry Ford Community College, and the Ford Motor Company
headquarters, the shopping center is built on some of the most prime real
estate in the Dearborn area, making it an attractive purchase for Centennial
and its partners which officially took ownership of the property today.<o:p></o:p>&nbsp;“When we purchase a shopping
center, we don’t buy simply to operate it as is,” says Whitney Livingston, President
and COO, Centennial. “We buy to own valuable real estate that we can redevelop
into dominant mixed-use destinations, and that is the plan we envision for
Fairlane Town Center as well.”<o:p></o:p>&nbsp;“Fairlane Town Center is an
excellent investment for Centennial and its partners, and while we will
continue to operate it as the popular local shopping center it has long been, our
plan is to make it a mixed-use redevelopment in the future,” says Carl Tash,
Chief Investment Officer, Centennial. “Properties like Fairlane Town Center and
The Shops at Willow Bend in Texas, which Centennial and its partners also took
ownership of today, are examples of malls in major real estate markets that
give us the opportunity to strategically expand our portfolio while utilizing
our proven execution playbook to enhance the center’s merchandising and
experience immediately upon acquisition.” <o:p></o:p>&nbsp;“We are excited to partner
with Centennial on this strategic investment,” says Patti Unti, Head of CRE
Equity for Waterfall Asset Management. “The Centennial team brings a deep bench
of operating professionals as well as the expertise to execute on a plan that
will re-imagine Fairlane Town Center.”<o:p></o:p>&nbsp;Centennial has a unique vision for the
future of retail real estate that has led to the successful repositioning of
retail properties in key markets from coast to coast. The robust services
platform Centennial has built – which includes carefully curated in-house
property management, development, marketing and leasing teams – perfectly
positions the firm to expand its own portfolio with properties like Fairlane
Town Center, The Shops at Willow Bend, Westland Mall and future acquisitions on
the horizon.<o:p></o:p>&nbsp;About Fairlane Town Center 
Fairlane
Town Center is a 1.4-million-square-foot super-regional shopping center in
Dearborn, Michigan. The center features a wide selection of retailers,
including Macy’s, JCPenney, Hollister, Bath &amp; Body Works | White Barn,
Express Factory Store, Foot Locker, Forever 21, H&amp;M, Zales Jewelers,
Victoria’s Secret, and a 21-screen AMC Theatre. The center’s many dining
options include customer favorites like P.F. Chang’s China Bistro, Cinnabon,
Dairy Queen and Taco Bell. For more information, visit&nbsp;<a href="http://www.shopfairlane.com/">www.ShopFairlane.com</a>&nbsp;or
follow the center on&nbsp;<a href="https://www.facebook.com/fairlanetowncenter" target="_blank">Facebook</a>&nbsp;and&nbsp;<a href="https://instagram.com/shopfairlane" target="_blank">Instagram</a>.<span style="font-size:13.5pt;line-height:150%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:
&quot;Open Sans&quot;;color:#666666;border:none windowtext 1.0pt;mso-border-alt:none windowtext 0in;
padding:0in"><o:p></o:p>&nbsp;About Centennial<o:p></o:p>Centennial is a real estate
investment firm with a national portfolio of shopping, dining, entertainment
and mixed-use destinations as well as a full-service property management
platform delivered through Centennial Advisory Services, its third-party property
and asset management division. Rooted in retail since 1997, Centennial is
focused on shaping the evolution of American retail by creating a superior
multi-faceted shopping experience through properties that serve not only as a
place of commerce, but as a place of community. For more information, visit <a name="_Hlk52277831"></a><a href="http://www.centennialrec.com/">CentennialREC.com</a>.<o:p></o:p>&nbsp;About Waterfall Asset
Management<o:p></o:p>Based in New York and with
investment activities spanning the U.S. and Europe, Waterfall is an SEC-registered
investment adviser that was founded in 2005 by Tom Capasse and Jack Ross, who
were early leaders of the ABS industry. Waterfall is a leading private
investment firm dedicated to investing in asset-based credit and private equity
across the entirety of the specialty finance and securitized credit sectors.
Waterfall is the external manager to Ready Capital, a multi-strategy real
estate finance company and small business lender that has provided over $3
billion in capital nationwide (NYSE: RC). For more information, visit <a href="https://www.waterfallam.com/">www.waterfallam.com</a>.<o:p></o:p>&nbsp;About
Cawley Partners <o:p></o:p>





































Cawley
Partners is a full-service Dallas based commercial real estate company focused
on building partnerships through developing, investing, managing, and leasing
buildings. Since 1996, the Company has experience with more than 15 million
square feet of development and acquisition projects. The developments include
office, retail, and industrial. Projects have ranged from speculative to build-to-suit.
For more information, please visit <a href="http://www.cawleypartners.com/">cawleypartners.com</a>.<o:p></o:p>

Real Estate Investment Firm Touts the Value of Prime Real Estate,
Ramps Up Rapid Portfolio Growth in Key Markets

Centennial Announces Acquisition of Fairlane Town Center

Photos&Video: Ashuraa program 2025, 5th day in Bintjbeil South Lebanon