MRP Capital Group Acquires Walmart-Anchored Portfolio for $117M
The firm’s non-listed REIT has purchased 27 shopping centers in small towns across nine states.
ST. LOUIS, MO – Private equity real estate firm MRP Capital Group’s non-listed REIT MRP Flyover Real Estate Investment Trust Inc. has acquired a portfolio of 27 Walmart-anchored shopping centers for $117 million.
Totaling more than 842,000 square feet, the properties are located in small towns across nine different states.
Since its inception on April 1, 2022, the REIT has acquired a total of 35 Walmart shadow centers, totaling $140 million.
With a portfolio of more than 100 properties valuing nearly $350 million, MRP Capital Group serves as the largest owner and operator of Walmart shadow centers in small-town America.