MRP Capital Group’s nonlisted REIT has acquired a $117 million portfolio of 27 shopping centers shadow-anchored by Walmart.
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.
The REIT has acquired 35 Walmart shadow centers, totaling $140 million, since its inception on April 1.
MRP Capital Group is the largest owner and operator of Walmart Shadow Centers in small-town America. Their total portfolio contains more than 100 properties valued close to $350 million.
