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MRP Capital Closes $105M Fund for Walmart-Anchored Shadow Centers
St. Louis-based MRP Capital Group has closed MRP Flyover Fund, LLC, its first traditional fund. The fund launched in September 2020 and closed on July 2, having. 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.
“We are beyond excited to close this fund as we scale an investment strategy that we’ve been solely focused on for the past six-plus years,” said Joe McClary, CEO & partner.
MRP Capital Group reportedly is now the largest owner of Walmart-anchored shadow centers in small-town America with 64 centers owned and managed across the country. The company plans to institutionalize the asset class through scale and operations over the next several years.
- ◦Sale/Acquisition

