ShopOne Centers REIT
ShopOne Centers REIT is a private, vertically integrated REIT that acquires and operates grocery-anchored shopping centers in top-100 U.S. MSAs. Its 27-asset portfolio serves national and regional grocers and retailers, generating recurring rental income under multi-year leases.
- Company typePrivate
- Founded2017
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What ShopOne Centers REIT does
ShopOne Centers REIT is a privately held, vertically integrated real estate investment trust founded in 2017 by Davidson Kempner as an opportunistic acquisition of a distressed shopping center company. The firm acquires, owns, and operates market-dominant grocery-anchored neighborhood and community shopping centers, primarily in top-100 U.S. metropolitan statistical areas, with an investment focus on necessity-based, value-oriented retail properties. As of February 2026, ShopOne owned or managed 27 grocery-anchored centers encompassing approximately 5 million square feet across nine states, anchored by national and regional grocers including Publix, Kroger, Walmart Neighborhood Market, Food Lion, Aldi, Lidl, Giant Food, Stop & Shop, and Shaw's, alongside complementary retailers such as Target, Ross Dress for Less, Burlington Stores, and LA Fitness.
The company operates a fully integrated platform spanning acquisitions, leasing, property management, and ESG-driven asset enhancements (LED conversions, TPO cool roofing, EV charging stations via Jolt and EVgo, solar panel leasing evaluation). The core operating model is a long-duration private equity and credit-backed platform; the company originated with a $325 million senior credit facility in 2017 (upsized to $400 million in 2018) and formed a $1 billion-plus joint venture with Pantheon and a leading global institutional investor in March 2022, accompanied by a $225 million JV-level credit facility. In February 2026, Town Lane, a 2024-vintage real estate investment firm founded by former Blackstone executive Tyler Henritze, acquired ShopOne from Pantheon alongside an undisclosed international institutional investor, with CEO Chris Reed co-investing in the transaction.
ShopOne generates revenue primarily through recurring rental income from its grocery-anchored shopping center leases (typically with 1-2% annual rent growth), supplemented by tenant reimbursements for common area maintenance, real estate taxes, and insurance. The go-to-market is enterprise B2B: the acquisitions team targets off-market and brokered single-asset deals in the $10M-$75M range and larger portfolio transactions, with Core-Plus to Value-Add return profiles, while the leasing team engages directly with national and regional retail tenants. The company has explicitly indicated that post-acquisition it intends to expand the portfolio with additional value-add retail assets under Town Lane's ownership.
ShopOne Centers REIT firmographics
Firmographics- Name
- ShopOne Centers REIT
- Legal name
- ShopOne Centers REIT Inc.
- Website
- https://shopone.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ShopOne Centers REIT is a private, vertically integrated REIT that acquires and operates grocery-anchored shopping centers in top-100 U.S. MSAs. Its 27-asset portfolio serves national and regional grocers and retailers, generating recurring rental income under multi-year leases.
- Ownership category
- akta.pro rank
ShopOne Centers REIT industry classification
Industry- Product category
- Commercial Real Estate (Retail Shopping Centers)
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
- akta.pro secondary industry
- Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)
Keywords
Where ShopOne Centers REIT is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
ShopOne Centers REIT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D
Revenue model
- Commercial Real Estate Rental Income: ShopOne generates revenue through rental income from tenants occupying its grocery-anchored shopping centers. The portfolio includes necessity-based, value-oriented grocery anchors and national/regional retail tenants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Acquisition Criteria - Individual Deal Size |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
ShopOne Centers REIT product offering
Product offeringCore offering
ShopOne Centers REIT is a privately-held, vertically integrated real estate investment trust that acquires, owns, and manages a portfolio of market-dominant, grocery-anchored neighborhood and community shopping centers across the United States, primarily in top-100 MSAs. The company delivers full-service property management, leasing, and asset management through a joint venture platform with Pantheon and a leading global institutional investor that provides over $1 billion in investment capacity. Its portfolio spans approximately 5 million square feet across nine states, anchored by national grocery tenants such as Publix, Kroger, Food Lion, Aldi, and Walmart Neighborhood Market.
Product overview
ShopOne Centers REIT is a vertically integrated private REIT that acquires, operates, and manages market-dominant, grocery-anchored shopping centers across the United States. The company's core offering consists of its portfolio of 27 grocery-anchored shopping centers (as of the February 2026 acquisition by Town Lane) managed through a strategic joint venture with Pantheon and a leading global institutional investor. The integrated platform encompasses property management services (including LED conversions, EV charging, sustainable building practices), leasing services for national/regional/local retailers, an acquisition program targeting value-add grocery-anchored centers in top-100 MSAs, and an ESG/sustainability program. The portfolio includes properties anchored by major grocers including Publix, Kroger, Food Lion, Giant, Stop & Shop, Shaw's, Fresh Market, Walmart Neighborhood Market, ALDI, Lidl, and others, totaling approximately 5 million square feet across nine states.
Differentiator
Problem solved
Functional benefit
Products and services
- Grocery-Anchored Shopping Centers Portfolio Vertically integrated portfolio of market-dominant, grocery-anchored neighborhood and community shopping centers across the United States in top-100 MSAs, leased to national and regional tenants including Publix, Kroger, Walmart Neighborhood Market, Aldi, Lidl, Food Lion, Giant, Stop & Shop, Shaw's, The Fresh Market, Target, Ross, Burlington, and LA Fitness.
- Property Management Services Comprehensive property management for grocery-anchored shopping centers including LED lighting conversions, cool roofing (TPO) installations, electric vehicle charging station partnerships, solar panel rooftop leasing, retention pond utilization, and sustainable HVAC system procurement.
- Leasing Services Full-service leasing capabilities for national, regional, and local retailers across ShopOne's portfolio, with dedicated leasing teams managing tenant mix optimization and lease administration.
- Acquisition Criteria Program Program targeting acquisition of necessity and value-oriented grocery-anchored neighborhood and community shopping centers with existing grocers holding top-3 market share, average household income exceeding $85,000 within a 3-mile radius, population over 60,000 within a 3-mile radius, with individual deal sizes of $10M-$75M and larger portfolio transactions considered.
- ESG/Sustainability Program Environmental, Social, and Governance program including energy efficiency initiatives (LED conversions achieving 21% energy reduction), cool roofing, EV charging stations, solar panel installations, community engagement with Feeding America, employee wellness programs, and governance policies including whistleblower protection.
Quantifiable outcome
- Portfolio grew to 21 grocery-anchored centers encompassing more than 2.0 million square feet through strategic acquisitions
- +3 more outcomes
Companies that use ShopOne Centers REIT
Customer profileNamed customers16 records
Segments3 records
Ideal customer profiles3 records
ShopOne Centers REIT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
ShopOne Centers REIT partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- 988 LifelineminorShopOne partnered with 988 Lifeline awareness program, Signs of Hope, to promote awareness of the federally designated 988 number providing 24/7 access to confidential emotional support for suicide and crisis help. 988 Lifeline signage will be placed throughout the ShopOne portfolio nationwide.
- Feeding AmericaminorShopOne has made an unofficial commitment to serving communities through partnership with Feeding America. The focus of volunteer efforts is with Feeding America partnered food banks. Many ShopOne tenants also partner with Feeding America including Publix, Lidl, Aldi, Target, The Fresh Market, Giant Food, Fresh Thyme Market, and The Giant Company.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
ShopOne Centers REIT competitors and assessment
Company assessmentDirect peers
- Retail Opportunity Investments Corp: Public grocery-anchored shopping center REIT focused on the Western US. Highly comparable necessity-anchored strategy and similar focus on dominant neighborhood centers with high-performing grocery anchors.
- Federal Realty Investment Trust: Public retail REIT with a high-quality portfolio of grocery-anchored shopping centers and mixed-use properties in affluent coastal MSAs. Comparable premium-demographic tenant base and active asset management approach.
- Phillips Edison & Company: Public necessity-based shopping center REIT with ~340 properties anchored by grocery and daily-needs tenants. Closely aligned with ShopOne's focus on small-format, necessity-anchored neighborhood centers serving everyday shopping trips.
- Kite Realty Group Trust: Public open-air grocery-anchored shopping center REIT operating ~160 properties primarily in the Sun Belt. Comparable operating model and tenant mix to ShopOne, with focus on top US MSAs and high-quality grocery anchors.
- Pine Tree: Private commercial real estate firm specializing in grocery-anchored retail centers throughout the US. Closest private peer to ShopOne given the shared necessity-anchored thesis, vertically integrated platform, and institutional capital partner base.
- Brixmor Property Group: Largest publicly traded grocery-anchored shopping center REIT in the US with a portfolio of ~380 open-air centers. Direct competitor to ShopOne in acquiring and operating necessity-anchored neighborhood and community shopping centers with similar anchor tenant profiles (Publix, Kroger, Walmart).
- Acadia Realty Trust: Public retail REIT with a portfolio of grocery-anchored and high-quality street retail properties. Similar focus on necessity-based, well-located retail real estate with active asset management and value-add repositioning strategies.
- Kimco Realty: Largest publicly traded shopping center REIT in the US with a portfolio of ~570 open-air centers including a significant grocery-anchored segment. Multiple ShopOne senior executives previously worked at Kimco, including Tom Shine (SVP Property Management) and Matt Yaniglos (SVP Leasing).
- Regency Centers: Public grocery-anchored shopping center REIT operating ~480 properties in top-tier US markets. Highly comparable to ShopOne's strategy of acquiring dominant, grocery-anchored centers in high-income, densely populated MSAs with similar anchor relationships.
- SITE Centers: Public open-air shopping center REIT with an essential-needs-anchored portfolio. President/COO Mike Makinen previously served as COO at SITE Centers, providing direct strategic and operational comparability to ShopOne's platform.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
ShopOne Centers REIT social profiles
Digital presenceShopOne Centers REIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
ShopOne Centers REIT leadership team
Management profileNumber of profiles
Profiles12 records
ShopOne Centers REIT funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ShopOne Centers REIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ShopOne Centers REIT
What does ShopOne Centers REIT do?
ShopOne Centers REIT is a privately-held, vertically integrated real estate investment trust that acquires, owns, and manages a portfolio of market-dominant, grocery-anchored neighborhood and community shopping centers across the United States, primarily in top-100 MSAs. The company delivers full-service property management, leasing, and asset management through a joint venture platform with Pantheon and a leading global institutional investor that provides over $1 billion in investment capacity. Its portfolio spans approximately 5 million square feet across nine states, anchored by national grocery tenants such as Publix, Kroger, Food Lion, Aldi, and Walmart Neighborhood Market.
Is ShopOne Centers REIT a public or private company?
ShopOne Centers REIT is a private company. It is classified as private equity controlled and is currently operating.
When was ShopOne Centers REIT founded?
ShopOne Centers REIT was founded in 2017. It employs 11 to 50 people.
Where is ShopOne Centers REIT based?
ShopOne Centers REIT is headquartered in New York, United States, in the North America region.
How does ShopOne Centers REIT make money?
One revenue line is on record: commercial Real Estate Rental Income.
Who are ShopOne Centers REIT's main competitors?
Direct peers on record are Retail Opportunity Investments Corp, Federal Realty Investment Trust, Phillips Edison & Company, Kite Realty Group Trust, Pine Tree, Brixmor Property Group, Acadia Realty Trust, Kimco Realty, Regency Centers and SITE Centers.
Does ShopOne Centers REIT have an API?
No public API is recorded for ShopOne Centers REIT.
What industry is ShopOne Centers REIT in?
ShopOne Centers REIT's product category is Commercial Real Estate (Retail Shopping Centers). Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of FSAAAKAA, Core Real Estate (Stabilized/Core-Plus). Its NAICS code is 523940 and its SIC code is 6798.