BALTIMORE, MD (May 6, 2026) – Continental Realty Corporation (CRC) has completed an off-market acquisition of a 14-property retail portfolio spanning seven states and encompassing more than two million square feet of retail space from US Properties Group. The acquisition includes a mix of well-located retail assets supported by strong market fundamentals and consistent in-place performance. With this acquisition, the company expands its national shopping center portfolio to over 10.5 million square feet and increases its AUM (assets under management) to nearly $5 billion. The off-market transaction broadens the privately held company’s national footprint to 16 states, supported by team members located across the United States. CBRE’s Chris Decoufle and Kevin Hurley represented the seller in this transaction.
The centers are 93 percent leased and include more than 230 tenants across Georgia, Illinois, Tennessee, Ohio, North Carolina, South Carolina, and Virginia. According to CoStar Group, the transaction is the third largest portfolio acquisition of the year. The portfolio is anchored by major retailers including Kroger, Hobby Lobby, Ross Dress for Less, Five Below, Harbor Freight Tools,Academy Sports, Belk, and Bob’s Discount Furniture, and is located in markets with an average retail occupancy of 97 percent. High traffic volumes, favorable demographics, and below-market in-place rents, provide a foundation for continued performance and long-term value creation across the portfolio.
“Transactions of this scale are a direct reflection of the strength of our team to smoothly transact, which has led to us being one of the buyers of choice in today’s market. We continue to use our data-driven approach to identify high-quality, value-add opportunities in established retail markets,” stated JM Schapiro, CEO of Continental Realty Corporation. “This portfolio includes a number of well-performing assets with strong foot traffic and established tenancy, which we believe position the investment for continued stability and long-term performance,” Schapiro added. “The transaction aligns perfectly with our overall investment strategy to invest in dominant centers featuring stable and internet-resistant tenant rosters, in areas with high barriers to entry and strong value-add potential.”…