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New York retail investment firm teams with DRA Advisors to make first Omaha-area purchase

DLC joint venture pays $95 million to acquire Shadow Lake Towne Center in Papillion, Nebraska
Shadow Lake Towne Center spans 83.5 acres at the southwest corner of Highway 370 and 72nd Street in Papillion, Nebraska. (CoStar)
Shadow Lake Towne Center spans 83.5 acres at the southwest corner of Highway 370 and 72nd Street in Papillion, Nebraska. (CoStar)
By Jennifer John with
CoStar Research
June 1, 2026 | 10:54 P.M.

DLC Management Corp., a real estate investment and management firm owned by its co-founder and CEO Adam Ifshin, partnered with an investment fund managed by DRA Advisors to acquire Shadow Lake Towne Center in Papillion, Nebraska.

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