CINCINNATI—Phillips Edison Grocery Center REIT II, Inc. continues to be one of the most active buyers of shopping centers in the US. It has just acquired three more grocery-anchored properties in MI, CA and MA, for a total of $51.5 million. It now owns and manages a retail portfolio consisting of 33 grocery-anchored shopping centers totaling 3.5 million square feet. 

As reported in, the Cincinnati-based Phillips Edison typically focuses attention on grocery store-anchored centers in secondary or tertiary markets, frequently those with the top grocer in its respective region, that it predicts will experience solid growth over the next few years. This keeps it out of the intense competition and lower returns found in the core markets.

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