Red Bank, NJ (Feb. 22, 2024) – First National Realty Partners (“FNRP”), one of the nation’s fastest-growing vertically integrated real estate investment firms, produced impressive acquisition and leasing activity in 2023. FNRP closed on nearly $200M in acquisitions for the year and completed over 500,000 square feet of new leasing transactions.
In 2023, FNRP acquired seven properties, marking its expansion into the multifamily sector, and strengthening its retail portfolio with the addition of over 780,000 square feet.
FNRP increased its presence in the Atlanta MSA to five centers with the closing of an off-market acquisition of a 227,618-square-foot portfolio anchored by Kroger and Publix. The firm enhanced its nationwide footprint with its expansion into Florida and increased exposure in Texas. FNRP also entered Delaware with the acquisition of Christina Crossing in Wilmington, a 119,446-square-foot Shoprite-anchored center.
Following these strategic acquisitions, the company’s current portfolio comprises over 60 properties spanning 24 states.
“Our team demonstrated its creativity and leveraged our platform to selectively grow our portfolio during 2023,” commented Mike Hazinski, chief investment officer.
FNRP surpassed its leasing goal by over 100,000 square feet.
Notable 2023 leases included:
“We successfully advanced our business plans at many key properties,” said Fred Battisti, chief revenue officer. “Our team did a tremendous job backfilling vacated or underperforming big-box spaces with strong name brand tenants.”
FNRP provides accredited investors with access to institutional quality commercial real estate assets specializing in necessity-based real estate: grocery-anchored retail, multifamily, and industrial and sourcing opportunities both on and off-market nationwide. From acquisition to disposition, FNRP oversees the entire investment lifecycle 100% in-house, leveraging top talent in legal, acquisitions, leasing, and other key areas. For more information, visit www.fnrpusa.com.
###
Contact:
Jessica DeMarino
jdemarino@fnrpusa.com
Get instant access to all of our current and past commercial real estate deals.
NOTICE: An investment in commercial real estate is speculative and subject to risk, including, inter alia, the risk that all of your investment may be lost. Any representations herein concerning the viability and profitability of investing in commercial real estate, including, without limitation, the stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. Cash distributions and any specific returns are not guaranteed. Securities are only available to verified accredited investors who can bear the risk of loss of their investment.
The information contained herein, including text, graphics, images and information, is general in nature and is for informational and illustration purposes only.
FNRP makes no representations or warranties of any nature whatsoever regarding any tax matters, including, without limitation, the ability of an investor to invest in FNRP with its specific self-directed IRA vehicle. The investor should independently obtain advice from his or her own independent legal counsel and/or tax accountant and/or IRA servicer regarding any such investment and the tax benefits and burdens associated with same.
*All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. Any product names, logos, brands, and other trademarks or images featured or referred to within are the property of their respective trademark holders. None of the trademark holders are affiliated with FNRP.
Copyright ©2024. FNRP. All Rights Reserved