Retail Opportunity Investments
Retail Opportunity Investments was a publicly traded retail REIT focused on grocery-anchored shopping centers in high-density U.S. markets, acquired by Blackstone in 2025 and combined into Perform Properties, a diversified retail and office platform.
- Company typePublic
- Founded2007
- HeadquartersSan Diego, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Retail Opportunity Investments does
Retail Opportunity Investments Corp. (NASDAQ: ROIC) was a publicly traded real estate investment trust founded in 2007 and headquartered in San Diego, California. The company focused on acquiring, owning, and leasing grocery-anchored and necessity-based retail shopping centers located in high-density, supply-constrained markets primarily on the West Coast and in select East Coast metros. ROIC generated revenue through rental income from its portfolio of retail and office properties under multi-year lease structures typical of the REIT model. The company priced a $350 million senior unsecured notes offering in September 2023 to refinance debt and support general corporate purposes. In 2025, Blackstone acquired ROIC for approximately $4 billion in a major commercial real estate consolidation transaction, subsequently combining ROIC's assets with those of ShopCore and EQ Office to form Perform Properties — a diversified real estate operating platform managing retail, office, and specialty leasing (including pop-ups, seasonal activations, mobile retail, and experiential marketing) across a nationwide portfolio. The combined platform emphasizes properties with "People-Appeal" in markets including Seattle, Chicago, Pasadena, Philadelphia, and other major U.S. metros, with integrated capabilities spanning leasing, asset management, construction, and property operations.
Retail Opportunity Investments firmographics
Firmographics- Name
- Retail Opportunity Investments
- Legal name
- Retail Opportunity Investments Corp.
- Website
- https://roireit.net
- Company type
- Public
- Founded year
- 2007
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Retail Opportunity Investments was a publicly traded retail REIT focused on grocery-anchored shopping centers in high-density U.S. markets, acquired by Blackstone in 2025 and combined into Perform Properties, a diversified retail and office platform.
- Ownership category
- akta.pro rank
Retail Opportunity Investments industry classification
Industry- Product category
- Commercial Real Estate (Retail REIT Leasing)
- NAICS
- General Rental Centers (53231), All Other Consumer Goods Rental (532289)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Retail Property Management (BPAJAGAB)
- akta.pro secondary industry
- Retail Real Estate Asset Management (BPAJAMAF)
Keywords
Where Retail Opportunity Investments is headquartered
LocationHeadquarters
- HQ city
- San Diego
- HQ country
- United States
- HQ region
- North America
Markets served
Retail Opportunity Investments business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Others, Marketing or Sales
Revenue model
- Retail and Office Property Leasing: Retail Opportunity Investments generated revenue through leasing retail and office spaces to tenants. The company operated as a REIT, collecting rental income from its property portfolio. After being acquired, the assets were combined into Perform Properties which manages retail, office, and specialty leasing operations.
Distribution channels1 record
Retail Opportunity Investments product offering
Product offeringCore offering
Retail Opportunity Investments owned and operated a portfolio of grocery-anchored shopping centers and retail properties across the U.S., leasing space to retail and office tenants. The company offered standard retail and office leases, plus a specialty leasing program covering pop-ups, seasonal activations, mobile retail, and experiential marketing. As a REIT, it generated recurring rental income from its owned property portfolio.
Product overview
Retail Opportunity Investments (ROIC) was a commercial real estate investment trust (REIT) focused on retail properties. As of mid-2025, ROIC was acquired by Blackstone for approximately $4 billion and merged into Perform Properties, a diversified real estate operating platform. Perform Properties, formed by combining ShopCore, ROIC, and EQ Office, offers retail spaces, office spaces, and specialty leasing services including pop-ups, seasonal activations, mobile retail, and experiential marketing opportunities.
Differentiator
Problem solved
Functional benefit
Products and services
- Retail Space Leasing Leasing of grocery-anchored shopping center and retail center space to national, regional, and local retail tenants in high-traffic, community-embedded locations across U.S. markets. Includes curated tenant mix, in-line and anchor space, and ongoing property management.
- Office Space Leasing Leasing of office space in major U.S. markets to business tenants, featuring amenitized, wellness-driven workplace design, integrated asset management, construction, leasing, and property operations.
- Specialty Leasing Program Flexible short-term retail leasing solutions for entrepreneurs, emerging brands, and national retailers, including pop-up shops, seasonal activations, mobile retail, and experiential marketing opportunities in high-visibility locations with built-in foot traffic.
Companies that use Retail Opportunity Investments
Customer profileSegments1 record
Ideal customer profiles3 records
Retail Opportunity Investments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Retail Opportunity Investments partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- EQ OfficecoreEQ Office assets were combined with ShopCore and ROIC to form Perform Properties, creating a diversified real estate operating platform with nationwide reach across retail and office sectors.
- ShopCorecoreShopCore assets were combined with ROIC and EQ Office to form Perform Properties, creating a best-in-class diversified real estate operating platform focused on retail and office properties with People-Appeal.
Scale indicators2 records
Recent moves5 records
Expansion highlights4 records
Retail Opportunity Investments competitors and assessment
Company assessmentDirect peers
- Regency Centers: Regency Centers is a retail REIT owning grocery-anchored shopping centers in high-density, affluent trade areas — a directly comparable tenant mix and location strategy to ROIC.
- Realty Income: Realty Income is the largest net-lease REIT and a major acquirer of retail real estate; its consolidation of Spirit Realty makes it a scale comparable for ROIC's leased-property business.
- Brixmor Property Group: Brixmor is one of the largest publicly traded retail REITs, owning open-air shopping centers across the U.S., making it a direct competitor for tenants and capital in ROIC's segment.
- Kimco Realty: Kimco Realty is a publicly traded retail REIT focused on open-air shopping centers, directly comparable to ROIC's grocery-anchored and necessity-based retail portfolio strategy.
- NNN REIT: NNN REIT acquires single-tenant retail properties net-leased to credit tenants — a closely comparable capital-deployment model within retail real estate.
- Tanger Inc. Tanger operates outlet and open-air shopping centers across the U.S., directly comparable in asset format to ROIC's retail leasing platform.
- Kite Realty Group: Kite Realty owns and operates open-air shopping centers in high-growth Sun Belt and Midwest markets — a similar demographic and tenant-mix orientation to ROIC's portfolio.
- Federal Realty Investment Trust: Federal Realty owns high-quality open-air retail in dense, affluent U.S. markets with a focus on mixed-use destinations — closely aligned with ROIC's People-Appeal thesis.
- Phillips Edison & Company: Phillips Edison operates a portfolio of grocery-anchored neighborhood shopping centers, with a tenant base and asset profile closely mirroring ROIC's necessity-retail focus.
Broad incumbents
- Simon Property Group: Simon is the largest U.S. retail REIT and a broad incumbent in the shopping-center category; though it focuses on larger regional malls and premium outlets, it competes for capital, tenants, and acquisitions in the same space as ROIC.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks4 records
Key highlights6 records
Customer concentration
Retail Opportunity Investments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Retail Opportunity Investments leadership team
Management profileNumber of profiles
Retail Opportunity Investments funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Retail Opportunity Investments 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 Retail Opportunity Investments
What does Retail Opportunity Investments do?
Retail Opportunity Investments owned and operated a portfolio of grocery-anchored shopping centers and retail properties across the U.S., leasing space to retail and office tenants. The company offered standard retail and office leases, plus a specialty leasing program covering pop-ups, seasonal activations, mobile retail, and experiential marketing. As a REIT, it generated recurring rental income from its owned property portfolio.
Is Retail Opportunity Investments a public or private company?
Retail Opportunity Investments is a public company. It is classified as private equity controlled and is currently acquired.
When was Retail Opportunity Investments founded?
Retail Opportunity Investments was founded in 2007. It employs 11 to 50 people.
Where is Retail Opportunity Investments based?
Retail Opportunity Investments is headquartered in San Diego, United States, in the North America region.
How does Retail Opportunity Investments make money?
One revenue line is on record: retail and Office Property Leasing.
Who are Retail Opportunity Investments's main competitors?
Direct peers on record are Regency Centers, Realty Income, Brixmor Property Group, Kimco Realty, NNN REIT, Tanger Inc., Kite Realty Group, Federal Realty Investment Trust and Phillips Edison & Company. Simon Property Group is listed as a broad incumbent.
Does Retail Opportunity Investments have an API?
No public API is recorded for Retail Opportunity Investments.
What industry is Retail Opportunity Investments in?
Retail Opportunity Investments's product category is Commercial Real Estate (Retail REIT Leasing). Its primary akta.pro industry code is BPAJAGAB, Retail Property Management, with a secondary code of BPAJAMAF, Retail Real Estate Asset Management. Its NAICS code is 53231 and its SIC code is 6532.