Tenant-Centric Investing

Driving Value through Tenant Success

Our tenant-centric investing approach is a key component of our broader goal of delivering substantial value to our investors. We believe that when our tenants win, our investors win. And when our investors win, the community wins, and ultimately, we win. This WIN-WIN-WIN-WIN philosophy sets the tone for how our firm approaches every transaction, ensuring an intense focus on the needs of our tenants. This, in turn, helps to enhance property performance and investor returns. Our strategy goes beyond immediate financial gains, emphasizing long-term relationships and tenant retention to reduce the high costs associated with replacing tenants.

Enhanced Relationships with National, Regional, and Local Tenants

We have relationships with more than 1,375 tenants, a network built from day one, tenant by tenant. This priority to forge mutually beneficial relationships is ingrained in our company culture. By aligning our Property Management and Acquisition strategies, we can seamlessly execute our business plans. This approach, we believe, allows us to secure consistent rental income, but also helping us to unlock the value potential of our properties, often overlooked by others. Our focus isn’t limited to national tenants; we also prioritize regional and local tenants, leveraging a “boots on the ground” approach to build micro-level relationships in each market. This strategy enhances our ability to attract and retain high-performing local tenants effectively, ensuring a diverse and robust tenant mix.

How FNRP Leverages Record Retail Occupancy Rates

As of the second quarter of 2024, open-air retail shopping centers had shown their highest occupancy rates in nearly 20 years according to GlobeSt. New construction has slowed significantly across the US, making it harder than ever for growing retailers to find well-positioned real estate. FNRP’s leasing team has capitalized on this supply and demand imbalance to increase tenant retention while boosting rents for renewing tenants. This not only enhances cash flow at the property but also adds long-term value to the asset.

Aligning Tenant Prosperity with Investor Returns

Investing with FNRP means investing in a model where tenant success directly translates to financial gains for our investors. We have seen that properties with high tenant satisfaction experience increased demand, enabling higher rents, reduced vacancies, and quality lease agreements. Our tenant-first approach helps to mitigate investment risks and maximizes the asset’s value by continuously optimizing our properties to meet tenant needs and market demands. The right tenant mix is crucial, as it enhances the property’s overall value and appeal.

Capitalize on Strategic Tenant-Centric Investments

Our focused investment in properties that cater to the operational success of tenants allows us to leverage market conditions effectively. In a landscape marked by rapid changes and varying economic cycles, our tenent-centric strategy plays a critical role in FNRP’s goal of ensuring that our investments remain resilient and lucrative. This method has proven effective in navigating past market disruptions and positions FNRP to continue capitalizing on emerging market opportunities. By utilizing technology to identify and secure the best-fit tenants and leveraging our local market relationships, we attract and retain high-quality national, regional, and local tenants, strengthening our market position.

Invest with a Retail Leasing Leader

Learn more about how our strategic focus on tenant-centric value creation can enhance your investment portfolio. Get started with First National Realty Partners today to learn how aligning with tenant could lead to robust investor returns.

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