F
irst National Realty Partners Marks Decade of Dominance in Necessity-Based Retail
As the private equity commercial real estate landscape continues to evolve, First National Realty Partners (FNRP) stands out as a beacon of consistency and excellence. Founded in 2015, FNRP has grown into a national powerhouse, boasting a portfolio of over 12.5 million square feet across 26 states.
The firm's success can be attributed to its unwavering commitment to necessity-based retail assets, which have proven resilient even in the face of economic uncertainty. By focusing on high-traffic suburban shopping centers, FNRP has capitalized on macro trends accelerated by the COVID-19 pandemic, including the resurgence of brick-and-mortar retail and heightened demand for convenient local shopping experiences.
At the helm of FNRP's achievements is its talented team, who have consistently demonstrated dedication, expertise, and resilience. "We've never taken a passive approach to challenging market environments," said Jared Feldman, Executive Chairman at FNRP. "Instead, we've been proactive in adapting, executing, and identifying new avenues for growth."
From humble beginnings with a single acquisition in Newton, New Jersey, FNRP has expanded strategically, surpassing $130 million in assets within a short period of time. The firm's operational capabilities have also grown exponentially, with the creation of an in-house leasing team and construction division.
Today, FNRP operates a vertically integrated platform, FNRP360, which streamlines every stage of the investment lifecycle. Combined with its Dragnet Acquisitions Model, the firm continues to source high-quality assets and maximize performance across its portfolio.
Key highlights from FNRP's decade-long journey include:
* Portfolio growth: Built a portfolio of over 12 million square feet of institutional-quality retail real estate across key U.S. markets.
* National expansion: Expanded operations into 26 states, significantly broadening FNRP's national footprint and enhancing its market presence.
* Leasing success: Maintained a 91.8% average occupancy rate since 2023, demonstrating effective asset management and sustained demand for its retail spaces.
As FNRP enters its second decade, the firm is focused on further strengthening its leadership position in the retail real estate space. Key priorities include strategically expanding its portfolio, growing its investor network, leveraging technology to enhance operational efficiency, and continuing to invest in its talented team.
"We are incredibly grateful for the trust our investors, tenants, and team members have placed in us over the past 10 years," said Andrew DeNardo, President and Head of Investor Relations at FNRP. "To see all of this come together over the years has been truly special to watch and be a part of."
