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

Then and Now: How We Leverage the Increasing Amounts of Data

When we first started buying commercial real estate 15 years ago, our process looked a lot different than it does today. Our 15 year head start positions us as the experts of small town America. When retailers want to scale in small towns they know that we are the right partner to help them achieve that goal.

MRP Updates

Adding Value to an Overlooked Property in Small-town Ohio – It’s What We Do

In 2019, we recognized a tremendous opportunity to acquire a distressed center in Logan, Ohio. Logan Commons is the perfect example of how we leverage our expertise and relationships to add significant value to an overlooked center.

MRP Updates

The Unsexy Strategy that Created an Asset Class of Our Own

At Midwest Retail Properties (MRP), our real estate journey didn’t take the conventional path. Our approach was not grandiose or ostentatious; it was practical, rooted in the daily needs of small-town communities. This article unveils how the seemingly unsexy yet foolproof model of focusing on the daily needs of small communities became the cornerstone of our success.

MRP Updates

July 6, 2023

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.

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