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%.
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.