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Grocery & Essential Retail

Strong Locations

Upside Potential

Acquisition Criteria

Minimum Transaction Size


Asset Type

Open-air neighborhood and community shopping centers primarily anchored by grocery and other essential use retailers. Additional emphasis on long-term repositioning or densification opportunities.

Risk Profile

Core-plus and “light” value-add.


We pursue best-in-submarket locations: timeless corners, high traffic thoroughfares, excellent or great locations in the primary retail corridor(s) with easy site access and strong visibility.


Technology employment hubs and/or higher education centers with increasing populations and incomes, compelling job growth, and strong economic drivers.

Return Expectations

Highly focused on current, sustainable and increasing cash flows. We solve for risk-adjusted, stabilized yield-on-cost returns of 7% or higher.

Acquisitions Team Contacts

Michael Jacoby
Chairman of the Board/Chief Executive Officer
(301) 828-1202

Aras Holden
Executive Vice President of Acquisitions & Development
(301) 828-1225

Joe McGarry
Senior Financial Analyst, Capital Markets

7250 Woodmont Ave, Suite 350 Bethesda, MD 20814
(301) 828-1200
1479 Wynkoop Street Denver, CO 80202
(303) 825-1735
Washington, DC
1015 15th Street NW Washington, DC 20005
(202) 844-4088
8000 Towers Crescent Drive, Suite 1700 Tysons, Virginia 22182
(703) 365-9999