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MRP Capital Group Overview

Our Story

The partners of MRP have been syndicating real estate investments since 2010. From 2010 to 2015, the partners built a portfolio of over $37 million worth of single tenant, net lease retail properties in the discount dollar store space. While pursuing this strategy, partners Joe McClary and Jordan Breck began to recognize an over-looked asset class located in markets that do not attract competitors yet provide significant opportunities – Walmart-Anchored Shopping Centers.

MRP Capital Group purchased their first Walmart-Anchored Shopping center in Waynesboro, MS in 2015. From there, the strategy and portfolio evolved as acquisitions were made by separate partnerships formed with equity capital raised on a syndicate basis. As properties were purchased, the team began to grow! What started as a small company of 6 in 2015 now employs more than 20 team members – managing all operations in-house! MRP Capital Group continues to purchase Walmart-Anchored Shopping Centers in undervalued markets.

About MRP

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. MRP’s properties provide our investors the opportunity to own real estate consisting of low rents, high sales, dominant positioning, and significant reserves to perform during both weak and strong economic environments.

1,192,274

Square Feet

37

Walmart-Anchored Shopping Centers

17

States

MRP Operations Overview

We have learned through experience that the only way to run the Walmart-Anchored Shadow Center asset class to its full potential is to bring all operations in house. Over the last 5 years, the team has created impressive efficiencies and worked hard to build departments that are capable of growing and supporting a large portfolio.

Today, MRP consists of teams that handle every aspect of managing these assets: sales & leasing, acquisitions, accounting, asset management and property & construction management.

Sales & Leasing

Acquisitions & Dispositions

Accounting & Finance

Asset Management

Property Management

Construction Management

MRP Full-Cycle Track Record

Walmart Shadow Centers

MRP began purchasing Walmart anchored shadow centers in 2015. Under this strategy, we acquired a total of 29 properties, raising over $30 million in equity from investors, with a portfolio value of over $100 million. MRP has successfully exited four Walmart Shadow Centers.

These exits consisted of one stabilized, one core-plus, and two value-add properties. These returns help us to showcase our ability to execute on our strategy. In all, the Manager’s track record has always revolved around recession resistant retail in smaller markets nationally.

4

Number of Realized Deals

$21.5M

Total Acquisition Value

$5.61M

Invested Capital

52.13%

Average Realized IRR

2.54

Average Realized Multiple

Net Leased Investment

From 2010-2014, MRP built a portfolio of over $37 million worth of single tenant and net lease retail properties in thediscount dollar store space. This strategy produced an average internal rate of return of 18.07% against projections of primarily 7%-8%.

35

Number of Realized Deals

$37M

Total Acquisition Value

$8.14M

Invested Capital

18.07%

Average Realized IRR

1.7

Average Realized Multiple

Leadership

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. In 2015, both McClary and Breck both recognized a niche asset class with untapped potential. 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.

Joe McClary is a partner and founder at MRP and primarily oversees the growth of the company while assisting with acquisitions, dispositions, and fund-raising.  Mr. McClary has over 11 years of experience buying, selling, and operating real estate investments. Joe started his career in single tenant investment sales, which led to the creation of Midwest Retail Properties. He has overseen $200 Million worth of transactions in his career. Outside of the office, Joe is an avid fisherman and outdoorsman and his true passion is his children.

Joe McClary

Joe McClary is a partner and founder at MRP and primarily oversees the growth of the company while assisting with acquisitions, dispositions, and fund-raising. Mr. McClary has over 11 years of experience buying, selling, and operating real estate investments. Joe started his career in single tenant investment sales, which led to the creation of Midwest Retail Properties. He has overseen $200 Million worth of transactions in his career. Outside of the office, Joe is an avid fisherman and outdoorsman and his true passion is his children.
Jordan Breck has been in the real estate investment business for over 6 years and is a partner at MRP. He is responsible for sourcing acquisitions, modeling investments, and oversees the company’s growth strategy. Jordan has been personally involved in over $150 Million worth of transactions. Jordan has been with the firm since graduating from Loyola University Chicago with a BBA in Finance.

Jordan Breck

Jordan Breck has been in the real estate investment business for over 6 years and is a partner at MRP. He is responsible for sourcing acquisitions, modeling investments, and oversees the company’s growth strategy. Jordan has been personally involved in over $150 Million worth of transactions. Jordan has been with the firm since graduating from Loyola University Chicago with a BBA in Finance.
MRP capital group

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