MRP is a real estate investment firm focused on acquiring dominant retail shopping centers next to high performing Walmart Supercenters in secondary and tertiary markets across the United States. Our thorough knowledge, experience, and due diligence in acquiring these properties allow MRP to invest in an undervalued asset type in markets overlooked by others.
The principals of MRP have over 20 years of experience in the commercial real estate business and have been involved in more than $350 million worth of acquisitions in their careers combined. They have found a niche asset class that has allowed them and their team to excel. Over the last 5 years, MRP, under the direction of McClary and Breck, has grown an existing portfolio of recession- resistant retail centers next to high performing Walmart Supercenters in secondary and tertiary markets across the United States.
The following report reflects the year over year comparisons for Walmart-Anchored Shopping Centers we owned throughout 2020.
Walmart Shadow Center Portfolio – 2020
Leasable Sq. Ft.
# of Properties
# of States
Avg. Rent PSF
% of GLA Leased
New Leases: Avg. Rent PSF
% of GLA Vacated
% of Increase in Rent Via Extensions