COMMERCIAL REAL ESTATE NEWS & CULTURE

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TOP RETAIL SPACE OWNERS 2017

top retail spac owners 2017
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241 million square feet, 325 properties

Indianapolis-based Simon, led by David Simon, is a publicly traded REIT. The firm is the world's largest publicly traded real estate company.

125 million square feet, 126 properties

GGP is a Chicago-based REIT led by CEO Sandeep Mathrani. The company owns and manages properties around the country.

106 million square feet, 319 properties

DDR Corp. is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded. Its portfolio is comprised primarily of large-format power centers located in top markets across the United States.

96.9 million square feet, 4,213 properties

VEREIT owns and actively manages a diversified portfolio of retail, restaurant, office and industrial real estate assets subject to long-term net leases with high credit quality tenants. The Phoenix-based firm's focus is on retail properties that offer necessity- and value-oriented products or services.

87 million square feet, 500 properties

Brixmor Property Group is an owner and operator of open-air shopping centers. . Headquartered in New York City, Brixmor is a landlord to more than 5,500 national, regional and local tenants and is the largest landlord to The TJX Companies and The Kroger Company.

86 million square feet, 534 properties

Kimco Realty Corp. is a real estate investment trust headquartered in New Hyde Park, N.Y. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

83 million square feet

New York City-based Blackstone is one of the world’s leading investment firms. Its asset management businesses, with over $360 billion in assets under management, includes investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.

81.1 million square feet, 139 properties

CBL & Associates Properties, Inc. is a real estate investment trust listed on the New York Stock Exchange. Chattanooga, Tenn.-based CBL is an active developer of new regional malls, open-air centers, lifestyle and community centers.

77 million square feet

Headquartered in Purchase, New York, the Principals of NRDC purchased the Hudson’s Bay Company located in Canada, which presently owns both Saks Fifth Avenue and Lord & Taylor in the U.S. Hudson’s Bay Company is now a public entity with the Principals of NRDC being the largest non-institutional stockholders with seats on the Board and holding the Office of Chairman. Hudson’s Bay Company recently purchased Kaufhof, the #1 department store company in Germany, which operates 119 stores in Germany and Belgium. Hudson’s Bay Company owns 464 locations in 4 countries with $13B in revenue.

76 million square feet, 4,700 properties

San Diego-based Realty Income, founded in 1969, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The revenue to pay monthly dividends is generated from over 4,700 commercial properties in 49 states and Puerto Rico that we own under long-term leases, primarily with large commercial enterprises that operate multiple locations.

72 million square feet, 112 properties

Washington Prime Group Inc. is a retail REIT  involved in the ownership, management, acquisition and development of retail properties.  The company is based in Columbus, OH. 

64 million square feet

The TIAA Global Asset Management portfolio includes a variety of investment types, including stocks, bonds and real estate across public and private markets. TIAA is a pension fund.

57 million square feet, 429 properties

Jacksonville, FL-based Regency is an owner, operator and developer of grocery anchored neighborhood and community shopping centers. The firm recently merged with rival REIT Equity One. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.

56 million square feet, 50 properties

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Santa Monica, Calif.-based Macerich has a significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, D.C. corridor.

57 million square feet, 280 properties

DRA Advisors is an investment advisor specializing in real estate investment and management services for institutional and private investors. DRA has over $9 billion in assets under management. Since 1986, DRA's focus has been on conservative, value-added real estate investments in the office, retail, multi-family and industrial sectors in the United States. DRA's acquisitions since inception include 1,300 properties valued at over $26 billion. In March 2016, DRA privatized the Inland Real Estate Corporation, a publicly traded REIT with retail assets totaling more than 16.5 million sq. ft. in 11 states

43.2 million square feet, 35 properties

Westfield Corporation is one of the world’s leading shopping center companies with iconic retail destinations in London, New York, San Francisco and Los Angeles among its portfolio of 35 centers. Westfield Corporation is listed on the Australian Stock Exchange and was created in June 2014 when Westfield Group separated its Australian and New Zealand business from its international operations. The Australian and New Zealand shopping centres are now owned and managed by Scentre Group.

42 million square feet, 235 properties

Seritage Growth Properties is a publicly traded, self-administered, self-managed REIT primarily engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Pursuant to a master lease, 224 of our wholly-owned properties are leased to Sears Holdings and are operated under either the Sears or K-Mart brand. Third parties under direct leases also occupy a portion of the overall leasable space alongside Sears and Kmart. Additionally, 11 of our wholly-owned properties are leased entirely to third parties. The master lease provides Seritage with rights to recapture certain space from Sears Holdings at each property. In addition, Seritage has 50% interests in 31 additional properties through our joint venture investments with General Growth Properties (12 properties), Simon Property Group (10 properties), and Macerich (nine properties) that are also master leased to Sears Holdings.

30 million square feet, 50 properties

Cafaro has been bringing high-quality retail development to American communities for nearly 70 years.  William M. Cafaro and his brother, John started out by developing properties for grocers.  In 1949 they founded the company that built scores of retail centers throughout the country. A third generation of the Cafaro family is now guiding the company.  Co-Presidents William A. Cafaro and Anthony Cafaro, Jr. currently run the organization. 

30 million square feet

Sarasota, Fla.-based Benderson Development is one of America’s largest privately held real estate companies. Benderson owns and manages over 700 properties encompassing over 40 million square feet in 38 states. The diverse Benderson portfolio includes retail, office, industrial, hotel, residential, and land holdings.

28 million square feet, 72 properties

Phillips Edison Grocery Center is home to two public non-traded REITs that invest in retail real estate properties. These REITs are primarily focused on necessity-anchored neighborhood and community shopping centers that meet the day-to-day needs of residents in the surrounding trade areas. Properties acquired are managed and leased by Phillips Edison.

28 million square feet, 72 properties

Weingarten’s business activities encompass the long-term ownership, management, acquisition, development and redevelopment of neighborhood and community shopping centers. The vast majority of the Houston-based company's shopping centers are anchored by either a supermarket or a national value-oriented retailer. 

28 million square feet, 30 properties

Starwood Retail Partners, based in Chicago, is a division of real estate investment firm Starwood Capital Group. The firm invests in regional U.S. shopping malls and lifestyle centers with upside growth opportunities.

26.6 million square feet, 2,485 properties

National Retail Properties, Inc. is a real estate investment trust traded on the New York Stock Exchange under the ticker symbol “NNN.”  It owns a diversified portfolio of freestanding retail stores across the United States.  The company is based in Orlando, FL.

26 million square feet

Founded in 1989, Vestar is a privately held real estate companies focusing on the western United States. Phoenix-based Vestar acquires, develops and manages retail and entertainment destinations of varying size and scale that serve as destinations and community focal points.

25 million square feet

PREIT is a publicly traded real estate investment trust specializing in the ownership and management of differentiated shopping malls.  Headquartered in Philadelphia, the company owns and operates  retail space in the eastern half of the United States with concentration in the Mid-Atlantic region’s top MSAs.

25 million square feet, 96 properties

Garden Commercial Properties (a subsidiary of Garden Homes) is a privately held Short Hills, New Jersey based development company with a tradition of over 50 years of varied commercial and residential development experience.

23.8 million square feet

Brookfield is a global alternative asset manager, focused on investing in long-life, high quality assets across real estate, infrastructure, renewable power and private equity. Based in Toronto, Brookfield's investments include one of the largest portfolios of office properties in the world. The firm owns Rouse Properties, a portfolio of B-class malls and shopping centers throughout the U.S.

23.6 million square feet, 118 properties

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust engaged in the ownership, operation, management, leasing, acquisition, construction, redevelopment and development of neighborhood and community shopping centers in selected markets in the United States.  The firm is based in Indianapolis.

23 million square feet, 100 properties

Casto is a privately held, fully integrated real estate services firm with 90 years of development and management of commercial, industrial and residential real estate.  The company is based in Columbus, OH.

23 million square feet, 98 properties

WS Development has a long and successful track record of development and redevelopment as well as both asset and portfolio acquisitions. Through these efforts, the Chesnut Hill, Mass.-based company has built a portfolio of 98 properties across 10 states. The firm currently focuses on retail and mixed-use real estate opportunities in urban and suburban settings in primary US markets.

22 million square feet, 96 properties

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston, as well as, San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.  The company is headquartered in Rockville, MD.

21.7 million square feet, 32 properties

Formed in 1991, DLC is one of the nation’s biggest owners, operators and managers of shopping centers.  The privately held firm's portfolio includes millions of square feet of grocery-anchored neighborhood and community shopping centers concentrated in the Northeast, Southeast, Midwest and Mid-Atlantic. The company is based in Tarrytown, NY.

21.6 million square feet, 26 properties

Taubman is the owner, manager and/or leaser of regional, super-regional and outlet shopping centers in the U.S. and Asia. Since its founding in 1950 by pioneering real estate developer A. Alfred Taubman, its earned a reputation for creating extraordinary retail environments for shoppers, retailers, communities and investors.  The firm is headquartered in Bloomfield Hills, Michigan, and through its Taubman Asia subsidiary, headquartered in Hong Kong, it is extending its expertise to booming markets in China and South Korea. 

20 million square feet, 1,575 properties

Already one of the largest and fastest-growing net-lease REITs in the United States, S|T|O|R|E Capital was co-founded in 2011 by six executives who worked together in various capacities at other organizations. Morton Fleischer, Christopher Volk, Catherine Long, Mary Fedewa, Michael Bennett and Michael Zieg pooled their collective investment, accounting, legal and real estate experience to form Scottsdale, Ariz.-based S|T|O|R|E Capital with a commitment to deliver value-creating real estate lease solutions and build long-lasting relationships with each customer.

20 million square feet

THF Realty is a privately held developer and operator of community and neighborhood centers based in St. Louis.

18 million square feet, 200 properties

Specializing in the retail sector for over 40 years, New York City-based RD Management owns and operates neighborhood and community shopping centers throughout the United States and Puerto Rico. The firm is landlord to such tenants as Walmart, Target, Home Depot, Lowe’s, Kohl’s, Old Navy, T.J. Maxx, Ross Dress for Less, BJ’s, Stop & Shop and Dick’s Sporting Goods.

17.2 million square feet

Cypress Equities was founded in 1995.  Since its inception, Cypress Equities companies have been actively involved in over 200 real estate investments, valued at more than $4 billion, including over $1 billion of total invested equity. The Cypress project portfolio consists of commercial development, investment, and sale-leaseback transactions.The company's headquarters is in Dallas.

17 million square feet, 32 properties

RED Development's retail and mixed-use portfolio comprises 34 properties totaling 17 million square feet in 11 states. For more than 20 years, RED has been a preferred partner for national retailers and investors. The company also works with third-party property owners seeking RED's expertise in remerchandising and repositioning properties to improve profitability and appeal. The privately held company headquartered in Phoenix.

16.5 million square feet, 92 properties

Columbia, SC-based Edens develops, owns and operates community-oriented shopping places in primary markets across the country. 

16 million square feet

Established in 1970 by Robert J. Congel, the privately held developer and operator is headquartered in Syracuse, New York. For 40 years the company has been one of the largest, most innovative, privately held developer of destination centers in America.

15.1 million square feet, 44 properties

Tanger Factory Outlet Centers, Inc., is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers and one additional center currently under construction. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.1 million square feet, leased to over 3,200 stores which are operated by more than 520 different brand name companies. The Company has more than 36 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 185 million shoppers annually.

15.1 million square feet, 88 properties

Oak Brook, Ill.-based InvenTrust Properties Corp. is a premier real estate investment trust that owns, manages and leases multi-tenant outdoor shopping centers in high growth market.

15 million square feet

Hull Property Group is a multifaceted retail real estate acquisition, management and development company headquartered in Augusta, Georgia. Established in 1977, Hull Property Group is one of the largest privately owned retail real estate companies in the United States and has an owned portfolio across 13 states.

14.8 million square feet, 66 properties

Ramco-Gershenson Properties Trust is a fully integrated, self-administered, publicly-traded real estate investment trust based in Farmington Hills, Michigan. The Company’s primary business is the ownership and management of large, multi-anchor shopping centers primarily in a number of the largest metropolitan markets in the central United States.

14.8 million square feet, 83 properties

Urban Edge Properties is a New York City-based real estate investment trust that acquires, develops, owns, manages and improves shopping centers in and on the edge of urban communities. It manages over 5 million square feet for other firms. Urban Edge's core assets are concentrated in the Washington, DC to Boston corridor and it has a presence in Puerto Rico and California.

14 million square feet, 402 properties

Kamin Realty Company was founded in 1916 as a home development business. After many years of residential construction, the company enlarged and began developing and investing in apartment complexes throughout the Pittsburgh area. Since 1969, grandson, Daniel G. Kamin, current owner and president, has been managing Kamin Realty. Under his direction, the company continued to evolve into owning and operating retail properties.

11 million square feet, 65 properties

Based in Costa Mesa, Calif., Donahue Schriber is a private real estate investment trust that owns and manages shopping centers throughout California, Nevada, Oregon and Washington. The firm specializes in the neighborhood, community and power center formats. As a fully integrated retail property company, it practices development, acquisitions, leasing, construction, asset management and marketing.

10 million

Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust based in Port Washington, NY. Its core portfolio of primarily grocery-anchored shopping centers straddles the Washington, DC to Boston corridor.
 

10 million

RCG Ventures LLC is a privately funded real estate investment group, based in Atlanta, that acquires and develops commercial real estate in the continental United States. The company’s primary focus is value-add anchored shopping centers with the potential for long-term ownership.

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