ShopOne Centers REIT Inc. has formed and launched its new platform, a private REIT focused on acquiring, operating and managing market-dominant, grocery-anchored shopping centers.
ShopOne aims to purchase well-located shopping centers across the United States. The company is looking to take advantage of dislocation in the retail marketplace to acquire assets at attractive valuations to replacement cost and enhance net asset value through operational and capital improvements.
“We intend to be very active in the market as we seek to grow our portfolio and gain scale in high-density, in-fill metro areas,” said Michael Carroll, CEO, who will be assembling an executive team.
Despite the challenges facing the broader retail industry, necessity-based retailers such as grocery stores, restaurants and fitness centers continue to perform well. New development continues to be at historically low levels and the retail sector continues to experience high occupancy, creat
