FNRP is a long-term buyer. Our reputation is more important than any one transaction. Because of this long-term mindset, we’ve made it a habit to deal with sellers fairly. In fact, we don’t look at sellers as counterparties but as mutual partners in our success.
FNRP has the scale of a large institution but has the ability to move fast like a local owner. We brought all major acquisition functions in-house, including underwriting, investment committee, and legal, to ensure we can move and close faster than anyone.
Nothing is worse than submitting an opportunity to a buyer and waiting to hear back. FNRP prides itself on getting back to everyone who submits deal queries, quickly, even if it’s a “no.”
Every single deal, every single time, no financing contingencies, PERIOD.
FNRP’s primary focus is acquiring grocery-anchored shopping centers but we will also consider centers anchored by other essential retailers.
We will consider centers in growing markets nationwide, with a preference for primary and secondary markets.
We target sites with a minimum population density and average household income of 100,000 and $65,000, respectively, within a 5-mile radius.
Our minimum deal size is $15M.
Senior Director of Acquisitions
Mid Atlantic, Midwest and Southeast