ST. LOUIS–(BUSINESS WIRE)–MRP Capital Group announces its Non-listed REIT has acquired a $117 million portfolio of 27 Walmart-Anchored shopping centers. The properties, located in small towns, total more than 842,000 square feet and are located across nine states. The portfolio was purchased by the MRP Flyover Real Estate Investment Trust, Inc. on May 16, 2022. The REIT has acquired 35 Walmart Shadow Centers, totaling $140 million, since its inception on April 1, 2022.
MRP Capital Group is the largest owner and operator of Walmart Shadow Centers in small-town America. Their total portfolio contains over 100 properties valued close to $350 million.
MRP Capital Group is a St. Louis-based private equity real estate firm focused on modernizing the shopping experience in small-town America by consolidating the Walmart-Anchored shopping center asset class. MRP Capital Group’s current Walmart Shadow Center portfolio is comprised of 2.6 million square feet, including 100 properties across 26 states. To learn more about the company’s strategy, visit www.mrpstl.com.
Contacts
Elaina Denning | MRP Capital Group
Director of Strategic Operations
elaina@mrpstl.com