Cohen & Steers and Phillips Edison completed the acquisition of Des Peres Corners.

Cohen & Steers, an investment manager, and Phillips Edison, an owner and operator of omni-channel grocery-anchored shopping centers, completed the acquisition of Des Peres Corners, a grocery-anchored shopping center. "We are excited to launch our programmatic joint venture with Phillips Edison & Company through this first acquisition. PECO is one of the largest publicly traded owners of grocery-anchored shopping centers in the U.S., and we have watched them operate skillfully for many years in this property segment. We believe their expertise will drive value in this joint venture. More broadly, we believe CNSREIT shareholders will continue to benefit from the superior operating capabilities and access to superior deal flow that our best-in-class partners bring to our investment program," James S. Corl, Cohen & SteersHead of the Private Real Estate Group.