MRP Capital Group’s non-listed REIT, MRP Flyover Real Estate Investment Trust, has acquired a portfolio of 27 Walmart-anchored shopping centers for $117 million.
The properties, located in small towns, total more than 842,000 square feet and are located across nine states.
The REIT has acquired 35 Walmart Shadow Centers, totaling $140 million, since its inception on April 1, 2022.
MRP Capital Group, a St. Louis-based private equity real estate firm, is the largest owner and operator of Walmart Shadow Centers in small-town America. Their total portfolio contains over 100 properties valued close to $350 million.