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3240-South-Western-Avenue-Marion-Indiana--26

MRP Capital Group Closes MRP Flyover Fund, LLC with $105 Million in Total Assets

No Comments Acquisitions, Company Updates

MRP Capital Group announces the close of MRP Flyover Fund, LLC – the company’s first traditional fund. The fund launched in September 2020 and closed on July 2nd, 2021. It was fully committed and deployed at that time. The fund acquired 42 properties, totaling 950,000 square feet, across 23 states. The total acquisition value was $105 million.

The fund solely acquired retail strip centers directly next to high-performing Walmart Supercenters in small towns across the U.S.

“We are beyond excited to close this fund as we scale an investment strategy that we’ve been solely focused on for the last six-plus years,” said Joe McClary, CEO & Partner. “We’re most proud that we’ve been able to do so in the middle of the COVID-19 pandemic alongside our longtime investors and new relationships.”

MRP Capital Group is now the largest owner of Walmart-anchored shadow centers in small-town America with 64 centers owned and managed across the country. MRP plans to institutionalize the asset class through scale and operations over the next several years.

View Official Press Release

924-E-Collin-Raye-Dr-De-Queen-AR-15

SOLD: De Queen Retail Center

No Comments Dispositions

PRESS RELEASE – MRP Capital Group sold De Queen Retail Center on June 14, 2021, for $1.5 million. MRP acquired this Walmart-Anchored Shopping Center in January of 2021. This 15,750 square foot shopping center is located directly in front of a high-performing Walmart Supercenter. The tenants at this shopping center include, Hibbett Sports, Simon’s Pizza, Verizon Wireless, and Arkansas Department of Human Services. 

May 2021 Newsletter

No Comments Company Updates

MRP Flyover Fund, LLC

We are excited to announce that the MRP Flyover Fund, LLC equity raise is fully committed. Though we are excited to reach this milestone, MRP Flyover Fund is just the beginning for us. MRP continues to grow rapidly – both the team and our portfolio. Stay in touch for updates regarding our second fund coming this summer! 

Company Updates

As MRP Capital Group continues to grow, we strive to create efficiencies in an effort to streamline our processes and procedures. We are happy to announce recent updates in company roles and department leaders. Learn more about the team’s new roles by visiting our LinkedIn page where you will find Department Introductions weekly! 

Lease Administrator

Adrian Doerr

Lease Administrator
Director of Strategic Operations

Elaina Denning

Director of Strategic Operations
Financial Analyst

Zach Koonce

Financial Analyst
Chief Operating Officer

Samantha Gauch

Chief Operating Officer
Chief Operating Officer

Kyle Mertens

Chief Operating Officer
Controller

Sara Young

Controller
Sr. Financial Analyst

Mac O'Keefe

Sr. Financial Analyst
Director of Investment Management

Joe Durfee

Director of Investment Management

Leasing Activity

  • Assignment: Tobacco Land & Vapes | Albany, GA
  • Extension: Asian Fusion | Fayetteville, WV
  • Extension: Sally Beauty | Jacksonville, AL
  • Extension: H&R Block | Forest, MS 
  • Extension: Dollar Tree | Pikeville, KY

Dispositions

  • STL Omaha 
  • STL Delphos
Leadership

MRP Company & Department Updates

No Comments Company Updates
MRP continues to grow rapidly – both our portfolio and our team! That being said, we strive to create efficiencies in an effort to streamline our processes and procedures. Since the beginning of 2021, MRP has hired over ten additional employees. We are happy to announce recent updates in company roles and department leaders.
MRP Company & Department Updates

Zach Koonce – Financial Analyst

Zach started at MRP in January of 2020 as a lease administrator. In May of 2021, Zach became a financial analyst where he will forecast future revenues and expenditures during both the acquisition process and the management of a property.

MRP Company & Department Updates

Samantha Gauch – Chief Operating Officer

Sam started in November of 2020. As MRP’s Chief Operating Officer she oversees the company’s operations and ensures the company has effective procedures in place to operate smoothly on day-today tasks.

MRP Company & Department Updates

Elaina Denning – Director of Strategic Operations

Elaina has been with MRP since May of 2018. As the Director of Strategic Operations, Elaina manages marketing, company processes, technology, and helps to align the team on the overall strategy of MRP.

MRP Company & Department Updates

Adrienne Doerr – Lease Administrator/Transaction Coordinator

Adrienne started at MRP in November of 2020 as a leasing associate, in May she transitioned to lease administrator where she manages all aspects of lease transactions and lease abstracting.

MRP Company & Department Updates

Joe Durfee – Director of Investment Management

Joe joined MRP in April of 2021, as the Director of Investment Management he oversees the health of properties from acquisition to disposition. He works closely with other teams to effectively make financial decisions.

MRP Company & Department Updates

Mac O’Keefe – Senior Financial Analyst

Mac has been at MRP since 2017, as a Senior Financial Analyst Mac establishes cost structures and determines capital expenditure budgeting for projects.

MRP Company & Department Updates

Kyle Mertens – Director of Corporate Accounting

Kyle started at MRP in 2017, as the Director of Corporate Accounting Kyle is responsible for overseeing the general accounting and financial reporting functions for the company.

merchant center

April 2021 Newsletter

No Comments Company Updates

Wrapping Up Q1 2021

Q1 2021 was a busy quarter for MRP Capital Group. The company went through tremendous growth with the acquisition of 10 additional Walmart-Anchored Shopping Centers. MRP was also able to dispose of several legacy assets that no longer reflected the company’s growth strategy. By selling these assets, MRP will be able to focus on scaling the Walmart-Anchored Shopping Center portfolio.
MRP’s team continued to grow throughout Q1 in preparation for Q1 and Q3 acquisitions. With the increase in accounting staff, MRP hopes to streamline many processes. Additionally, the leasing team and construction teams expanded to support the demand as the portfolio grows in size. We’re excited to introduce our newest team members below!

Joe Durfee

Director Of Real Estate

Paul Redel

Leasing Associate

Kim Carlisle

Staff Accountant

Small Town America

A Fragmented Market of 46 Million People

The data contained in this document highlights a market completely ignored by traditional institutional investments – small-town America.

Download Here

MRP Director of Leasing and Pulse Ratings CEO Discuss Dollar Tree, Hibbett Sports, & Rent-A-Center

Watch the highlights of this deep dive with Pulse Ratings CEO, Dennis Cantalupo, and MRP Director of Leasing, John Cusumano. They discuss national credit tenants within MRP’s portfolio. They take a closer look at Dollar Tree, Hibbett Sports, and & Rent-A-Center – looking at their performance throughout COVID and their expansion plans in 2021!
Watch It Now

Leasing Activity

  • Extension: Direct Auto | Hot Springs, AR
  • Assignment: Sprint | Cambridge, OH
  • Assignment: Little Caesar’s | Martinsville, IN

Dispositions

  • STL Ft. Dodge (Outparcel)
  • STL Ft. Dodge
  • STL Toledo
  • STL KYOH – Middletown
  • STL Springfield (Hobby Lobby Parcel)
mrp capital group

MRP Director of Leasing and Pulse Ratings CEO Discuss MRP Capital Group’s National Credit Tenants

No Comments Company Updates
 Watch the highlights of this deep dive with Pulse Ratings CEO, Dennis Cantalupo, and MRP Director of Leasing, John Cusumano. They discuss national credit tenants within MRP’s portfolio. They take a closer look at Dollar Tree, Hibbett Sports, and & Rent-A-Center – looking at their performance throughout COVID and their expansion plans in 2021!
1 2 3 4

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Company Updates

Dispositions

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3240-South-Western-Avenue-Marion-Indiana--26

MRP Capital Group Closes MRP Flyover Fund, LLC with $105 Million in Total Assets

No Comments Acquisitions, Company Updates

MRP Capital Group announces the close of MRP Flyover Fund, LLC – the company’s first traditional fund. The fund launched in September 2020 and closed on July 2nd, 2021. It was fully committed and deployed at that time. The fund acquired 42 properties, totaling 950,000 square feet, across 23 states. The total acquisition value was $105 million.

The fund solely acquired retail strip centers directly next to high-performing Walmart Supercenters in small towns across the U.S.

“We are beyond excited to close this fund as we scale an investment strategy that we’ve been solely focused on for the last six-plus years,” said Joe McClary, CEO & Partner. “We’re most proud that we’ve been able to do so in the middle of the COVID-19 pandemic alongside our longtime investors and new relationships.”

MRP Capital Group is now the largest owner of Walmart-anchored shadow centers in small-town America with 64 centers owned and managed across the country. MRP plans to institutionalize the asset class through scale and operations over the next several years.

View Official Press Release

924-E-Collin-Raye-Dr-De-Queen-AR-15

SOLD: De Queen Retail Center

No Comments Dispositions

PRESS RELEASE – MRP Capital Group sold De Queen Retail Center on June 14, 2021, for $1.5 million. MRP acquired this Walmart-Anchored Shopping Center in January of 2021. This 15,750 square foot shopping center is located directly in front of a high-performing Walmart Supercenter. The tenants at this shopping center include, Hibbett Sports, Simon’s Pizza, Verizon Wireless, and Arkansas Department of Human Services. 

May 2021 Newsletter

No Comments Company Updates

MRP Flyover Fund, LLC

We are excited to announce that the MRP Flyover Fund, LLC equity raise is fully committed. Though we are excited to reach this milestone, MRP Flyover Fund is just the beginning for us. MRP continues to grow rapidly – both the team and our portfolio. Stay in touch for updates regarding our second fund coming this summer! 

Company Updates

As MRP Capital Group continues to grow, we strive to create efficiencies in an effort to streamline our processes and procedures. We are happy to announce recent updates in company roles and department leaders. Learn more about the team’s new roles by visiting our LinkedIn page where you will find Department Introductions weekly! 

Lease Administrator

Adrian Doerr

Lease Administrator
Director of Strategic Operations

Elaina Denning

Director of Strategic Operations
Financial Analyst

Zach Koonce

Financial Analyst
Chief Operating Officer

Samantha Gauch

Chief Operating Officer
Chief Operating Officer

Kyle Mertens

Chief Operating Officer
Controller

Sara Young

Controller
Sr. Financial Analyst

Mac O'Keefe

Sr. Financial Analyst
Director of Investment Management

Joe Durfee

Director of Investment Management

Leasing Activity

  • Assignment: Tobacco Land & Vapes | Albany, GA
  • Extension: Asian Fusion | Fayetteville, WV
  • Extension: Sally Beauty | Jacksonville, AL
  • Extension: H&R Block | Forest, MS 
  • Extension: Dollar Tree | Pikeville, KY

Dispositions

  • STL Omaha 
  • STL Delphos
Leadership

MRP Company & Department Updates

No Comments Company Updates
MRP continues to grow rapidly – both our portfolio and our team! That being said, we strive to create efficiencies in an effort to streamline our processes and procedures. Since the beginning of 2021, MRP has hired over ten additional employees. We are happy to announce recent updates in company roles and department leaders.
MRP Company & Department Updates

Zach Koonce – Financial Analyst

Zach started at MRP in January of 2020 as a lease administrator. In May of 2021, Zach became a financial analyst where he will forecast future revenues and expenditures during both the acquisition process and the management of a property.

MRP Company & Department Updates

Samantha Gauch – Chief Operating Officer

Sam started in November of 2020. As MRP’s Chief Operating Officer she oversees the company’s operations and ensures the company has effective procedures in place to operate smoothly on day-today tasks.

MRP Company & Department Updates

Elaina Denning – Director of Strategic Operations

Elaina has been with MRP since May of 2018. As the Director of Strategic Operations, Elaina manages marketing, company processes, technology, and helps to align the team on the overall strategy of MRP.

MRP Company & Department Updates

Adrienne Doerr – Lease Administrator/Transaction Coordinator

Adrienne started at MRP in November of 2020 as a leasing associate, in May she transitioned to lease administrator where she manages all aspects of lease transactions and lease abstracting.

MRP Company & Department Updates

Joe Durfee – Director of Investment Management

Joe joined MRP in April of 2021, as the Director of Investment Management he oversees the health of properties from acquisition to disposition. He works closely with other teams to effectively make financial decisions.

MRP Company & Department Updates

Mac O’Keefe – Senior Financial Analyst

Mac has been at MRP since 2017, as a Senior Financial Analyst Mac establishes cost structures and determines capital expenditure budgeting for projects.

MRP Company & Department Updates

Kyle Mertens – Director of Corporate Accounting

Kyle started at MRP in 2017, as the Director of Corporate Accounting Kyle is responsible for overseeing the general accounting and financial reporting functions for the company.

merchant center

April 2021 Newsletter

No Comments Company Updates

Wrapping Up Q1 2021

Q1 2021 was a busy quarter for MRP Capital Group. The company went through tremendous growth with the acquisition of 10 additional Walmart-Anchored Shopping Centers. MRP was also able to dispose of several legacy assets that no longer reflected the company’s growth strategy. By selling these assets, MRP will be able to focus on scaling the Walmart-Anchored Shopping Center portfolio.
MRP’s team continued to grow throughout Q1 in preparation for Q1 and Q3 acquisitions. With the increase in accounting staff, MRP hopes to streamline many processes. Additionally, the leasing team and construction teams expanded to support the demand as the portfolio grows in size. We’re excited to introduce our newest team members below!

Joe Durfee

Director Of Real Estate

Paul Redel

Leasing Associate

Kim Carlisle

Staff Accountant

Small Town America

A Fragmented Market of 46 Million People

The data contained in this document highlights a market completely ignored by traditional institutional investments – small-town America.

Download Here

MRP Director of Leasing and Pulse Ratings CEO Discuss Dollar Tree, Hibbett Sports, & Rent-A-Center

Watch the highlights of this deep dive with Pulse Ratings CEO, Dennis Cantalupo, and MRP Director of Leasing, John Cusumano. They discuss national credit tenants within MRP’s portfolio. They take a closer look at Dollar Tree, Hibbett Sports, and & Rent-A-Center – looking at their performance throughout COVID and their expansion plans in 2021!
Watch It Now

Leasing Activity

  • Extension: Direct Auto | Hot Springs, AR
  • Assignment: Sprint | Cambridge, OH
  • Assignment: Little Caesar’s | Martinsville, IN

Dispositions

  • STL Ft. Dodge (Outparcel)
  • STL Ft. Dodge
  • STL Toledo
  • STL KYOH – Middletown
  • STL Springfield (Hobby Lobby Parcel)
mrp capital group

MRP Director of Leasing and Pulse Ratings CEO Discuss MRP Capital Group’s National Credit Tenants

No Comments Company Updates
 Watch the highlights of this deep dive with Pulse Ratings CEO, Dennis Cantalupo, and MRP Director of Leasing, John Cusumano. They discuss national credit tenants within MRP’s portfolio. They take a closer look at Dollar Tree, Hibbett Sports, and & Rent-A-Center – looking at their performance throughout COVID and their expansion plans in 2021!
1 2 3 4