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MRP Capital’s REIT Acquires Small-Town Retail Portfolio for $117M
St. Louis-based MRP Capital Group said Thursday that its non-listed REIT has acquired a $117-million portfolio of 27 Walmart-anchored shopping centers. 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, Inc. on May 16, 2022. The REIT has acquired 35 Walmart Shadow Centers, totaling $140 million, since its inception on April 1, 2022.
MRP Capital Group is reportedly the largest owner and operator of Walmart Shadow Centers in small-town America. Its total portfolio contains more than 100 properties spanning 2.6 million square feet across 26 states and valued at close to $350 million.
- ◦Sale/Acquisition

