NEWS + 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.

Unveiling Small Town Economic Resilience: 5 Data Points to Inspire Confidence

In an era of economic uncertainty, small towns are proving their resilience by leveraging unique strengths. Amidst the shifting landscape, Midwest Retail Properties (MRP) sheds light on 5 compelling data points, backed by credible sources, that underscore the enduring vitality of small town economies:

Connect with MRP at ICSC: Find Your Opportunity in Small-Town America

The International Council of Shopping Centers (ICSC) conference is one of the most highly anticipated events in the commercial real estate industry, and this year, MRP is thrilled to announce our attendance. As experts in Walmart shadow center real estate, our participation at ICSC promises to bring valuable insights and opportunities to businesses ready to grow in small-town America. We look forward to meeting you to identify every opportunity for growth with MRP!

MRP Capital Group Acquires a $117 Million Portfolio of 27 Small Market Walmart Shadow Centers

ST. LOUIS, MO – MRP Capital Group announces its Non-listed REIT has acquired a $117 million portfolio of 27 Walmart-Anchored shopping centers. The properties, located in small towns, total more than 842,000 square feet and are located across nine states. The portfolio was purchased by the MRP Flyover Real Estate Investment Trust, Inc. on May 16, 2022. The REIT has acquired 35 Walmart Shadow Centers, totaling $140 million, since its inception on April 1, 2022. MRP Capital Group is the largest owner and operator of Walmart Shadow Centers in small-town America. Their total portfolio contains over 100 properties valued close to $350 million. MRP Capital Group is a St. Louis-based private equity real estate firm focused on modernizing the shopping experience in small-town America by consolidating the Walmart-Anchored shopping center asset class. MRP Capital Group’s current Walmart Shadow Center portfolio is comprised of 2.6 million square feet, including 100 properties across 26 states. To learn more about the company’s strategy, visit www.mrpstl.com.

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

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.

MRP Company & Department 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.

Leasing Transaction Coordinator

Our Leasing Team is looking for a self-motivated leasing transaction coordinator who wants to grow their career in the commercial real estate/private equity industry. MRP has endless opportunities and is growing quickly. Applicants should be disciplined, smart, competitive, eager to learn and have an entrepreneurial spirit. We are searching for an individual that is a hard-working professional and a team player.