Fund Aims to Amplify Asian Culture, Drive Positive Community Impact and Deliver Long-Term Investment Returns by Transforming Traditional Retail Real Estate Across the U.S.
CHICAGO 06/09/2025 — Commercial real estate leaders Windfall Group and Wyn Group today announced the launch of the Asian Center Real Estate Fund (ACRE Fund), a new investment fund currently raising capital to fuel the creation of a nationwide series of premier Asian-centric lifestyle shopping centers featuring dining, retail, shopping and entertainment. The initiative is actively seeking both investors and prospective retail tenants to join ACRE in meeting growing market demand while amplifying Asian culture and heritage through thoughtfully curated retail destinations.
“It is with immense pride and excitement that we launch the ACRE Fund — the result of years of preparation, multiple industry leaders and a shared passion for amplifying the richness Asian traditions have to offer,” said Eddie Ni, Chairman and Co-Founder at the ACRE Fund and Founder and President of Windfall Group. “Culture is a powerful catalyst for community, and we are immensely proud of the opportunity we’ve created to invest in the intersection of culture and community through the ACRE Fund.”
A mission-driven endeavor, the ACRE Fund exists to enrich local communities while aiming to offer attractive, risk-adjusted returns for investors. The fund is dedicated to transforming commercial real estate assets into vibrant cultural hubs filled with businesses spotlighting Asian heritage. By giving new life to overlooked properties, not only does the ACRE Fund support local economic growth, job creation and neighborhood safety — it also promotes diversity, inclusivity and cultural exchange within communities.
“The ACRE Fund is founded on a shared commitment not only to cultural authenticity, but also to community empowerment,” said Judy Ni, Co-Founder and Fund Manager at the ACRE Fund and Director of Real Estate at Windfall Group. “We honor Asian heritage by integrating cultural values into every development while fostering partnerships bridging tradition with forward-thinking collaboration. As a result, we create inclusive shared spaces that uplift local voices, nurture entrepreneurship and expand access for Asian-owned businesses, creating shared prosperity in every community we serve.”
Core to the ACRE Fund’s approach is a commitment to deep collaboration and hands-on engagement throughout the full course of every property development. The fund’s leadership team brings valuable expertise not only in investment strategy, but also in designing, developing and operating projects.
“From funding to future-proofing, we’re hands-on every step of the way,” said Marshall Nguyen, Minneapolis-based Co-Founder and Fund Manager at the ACRE Fund and Founder and CEO of Wyn Group. “From acquisition to activation, our team stays fully engaged at every step to promote outcomes aligned with our vision, community needs and investor expectations. By leading the full lifecycle of development, we seek to ensure that every property we build leverages our investors’ capital responsibly and reflects the needs and values of the surrounding community.”
With decades of experience between them, the ACRE Fund’s leadership has a proven track record of transforming underperforming retail properties into thriving, culturally rich destinations nationwide. Through their successes, the leaders of the fund have amassed strong reputations for pursuing community-centered design, long-term impact and attractive, risk-adjusted returns for investors.
“As trusted strategic partners, we embrace our role as stewards of our investors’ capital,” Eddie Ni said. “Every investment made through the ACRE Fund is guided by transparency, due diligence and a performance-first mindset, ensuring decisions reflect our ethical duty and commitment to long-term value creation. Together, our track record of success and our vision for amplifying Asian culture make for a distinctive combination that we are proud to present to the investment community. The launch of the ACRE Fund is the first step in an exciting journey, and we look forward to discussing with prospective participants interested in joining us as we bring this meaningful mission to life.”
Accredited investors are encouraged to learn more about the ACRE Fund at www.acrefundusa.com or via info@acrefundusa.com. The ACRE Fund is also seeking additional prospective retail tenants, including supermarkets, restaurants, family entertainment concepts, service providers and community organizations interested in joining a thriving, multicultural destination.
About the ACRE Fund
The Asian Center Real Estate Fund (ACRE Fund) is an investment initiative fueling the creation of a nationwide series of premier Asian-centric lifestyle shopping centers featuring dining, shopping, commerce, entertainment and culture. Founded by industry experts, the ACRE Fund exists to turn cultural insights into risk-adjusted investments, building vibrant properties that drive long-term returns and community value. Additional information, including investment opportunities, is available at www.acrefundusa.com or via info@acrefundusa.com
Forward-Looking Statements
This announcement may contain “forward-looking statements” as defined by U.S. securities laws. Although these statements are based upon what management of the company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause actual results to differ materially from those indicated by such statements. The company intends all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
On Thursday, June 5, the ACRE Fund officially went live with a ceremonial launch event in Rolling Meadows, IL, attended by 120 guests. Hosted by the fund’s management team, the kickoff served to commemorate the months of preparation required to bring the fund to life and to open the call for investors to join in ACRE’s mission to celebrate Asian culture through authentic dining, shopping and entertainment experiences.
Disclaimer
This is not an offer to sell or a solicitation of any offer to buy any securities. Offers are made only by private placement memorandum and associated materials. To be able to invest, you must complete an investor questionnaire and meet the suitability standards required by law. You must be an accredited investor to invest with us and meet the minimum investment size of $25,000.
