What Perform Properties does

Perform Properties is a diversified U.S. commercial real estate operating platform formed in May 2025 by combining three Blackstone-controlled legacy operators — ShopCore Properties (grocery-anchored retail), Retail Opportunity Investments Corp. (ROIC), and EQ Office (Class A office). The company operates as a Blackstone Real Estate portfolio company with dual headquarters in New York (90 Park Avenue) and Santa Monica (1314 7th Street). As of mid-2026 it manages 168 properties — 155+ grocery-anchored shopping centers and 10+ Class A office assets — totaling over 33 million square feet across 31 retail markets and 9 office markets in the United States. The portfolio serves 3,700+ retail tenants and 300+ office tenants including Trader Joe's, Publix, ShopRite, Roku, and Anthem Inc.

The company's core products are its retail and office real estate platforms, operated under a "People-Appeal" thesis that bundles integrated asset management, construction, leasing, and property operations. Technology infrastructure consists of standard CRE operating systems: a VersaPay-based tenant payment portal, property-management applications deployed at select office buildings (800 Fifth, 999 3rd, EmeryTech, Playa District), and sustainability tracking systems covering Scope 1 and 2 emissions, waste diversion, and energy efficiency. Specialty leasing extends the platform into pop-ups, seasonal activations, mobile retail, EV charging (via King Solar partnership), ATM/cell-tower placements, and advertising, monetizing underused common areas.

Revenue is generated through three streams: (1) long-term retail leases at grocery-anchored centers (base rent, percentage rent, CAM charges — recurring), (2) long-term Class A office leases (recurring), and (3) specialty leasing and amenity placements (transaction-based). Pricing is negotiated on a per-property basis with no published rate cards. Distribution is direct via regional leasing teams and a searchable property portal, supplemented by broker partnerships with JLL, CBRE, Colliers, and Newmark, and a tenant-facing portal for existing relationships.

Name

Perform Properties

Legal name

Perform Properties Corporate Services, LLC

Website

https://performproperties.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Perform Properties is a Blackstone-backed diversified real estate operating platform formed in 2025 from ShopCore, ROIC, and EQ Office. It manages 155+ grocery-anchored retail centers and 10+ Class A office properties across over 33 million square feet in the United States.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Operations and Leasing

NAICS

Nonresidential Property Managers (531312), Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312), Lessors of Real Estate (5311)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Retail Real Estate Asset Management (BPAJAMAF)

akta.pro secondary industries

Office Real Estate Asset Management (BPAJAMAG), Real Estate Tenant Representation (FSAEAJAF), Closing Coordination & Transaction Management (Broker/Agent Support) (BPAJAOAH)

Keywords

• Commercial real estate leasing
• Grocery-anchored retail centers
• Office property management
• Retail property leasing
• Specialty leasing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Retail Property Leasing: Long-term commercial leasing of grocery-anchored shopping centers and dynamic retail destinations. Revenue generated through base rent, percentage rent, and CAM charges. The company manages over 155 retail properties with 3,700+ retail tenants across 31 retail markets.
2. Office Property Leasing: Leasing of Class A office space including landmark towers and flexible campus settings. Manages over 10 office properties with 300+ office tenants across 9 office markets, totaling approximately 10MM+ SF of commercial office space.
3. Specialty Leasing: Short-term, flexible retail space solutions including pop-ups, seasonal activations, mobile retail, experiential marketing, and events. Revenue generated from cell towers, ATM machines, vending machines, car charging stations, and advertising placements (pole banners, billboards). Partnership with King Solar for EV charging and solar energy revenue opportunities.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Perform Properties operates a diversified real estate operating platform that owns, leases, and manages a nationwide portfolio of grocery-anchored shopping centers and Class A office assets. The company provides integrated real estate services spanning acquisitions, development, construction, leasing, asset management, and property operations, serving national retailers, office tenants, and specialty leasing customers across 31 retail and 9 office U.S. markets.

Product overview

Perform Properties is a diversified real estate operating platform formed by combining ShopCore Properties, ROIC (Retail Opportunity Investments Corp.), and EQ Office. The company operates two core product lines: 155+ Retail Properties (19MM+ SF of open-air retail centers across 31 markets with 3,700+ tenants) and 10+ Office Properties (10MM+ SF of commercial office space across 9 markets with 300+ tenants). The platform also includes Specialty Leasing services for flexible short-term retail solutions including pop-ups, seasonal activations, mobile retail, and experiential marketing. Retail Leasing and Office Leasing services support tenants through integrated asset management, construction, development, leasing, and property operations. The company also provides tenant-facing digital services including a Tenant Portal for rent payment and statements, and credit card payment processing.

Differentiator

Problem solved

Functional benefit

Products and services

• Perform Properties Platform Diversified real estate operating platform that acquires, develops, and operates grocery-anchored retail centers and Class A office assets with People-Appeal, managing 168 properties spanning 33MM+ SF across the United States.
• Retail Properties Grocery-anchored shopping centers and dynamic retail destinations totaling 155+ properties and 19MM+ SF across 31 retail markets, serving 3,700+ retail tenants. Includes integrated operations, construction, development, leasing, and asset management.
• Office Properties Premier office assets including landmark towers and flexible campus settings totaling 10+ properties and 10MM+ SF across 9 office markets, serving 300+ office tenants. Includes integrated asset management, construction, leasing, and property operations.
• Specialty Leasing

Quantifiable outcome

• 20% same-store year-over-year reduction in Scope 1 and 2 GHG emissions across office portfolio
• +4 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Baby2BabyminorStrategic or Co-development Partner · 1 January 2025Partnership with Baby2Baby to deliver essential items to families impacted by the Los Angeles fires. Teams contributed supplies and support as part of the company's community response efforts.
• Industrious CoworkingminorStrategic or Co-development Partner · 1 January 2025Partnership with Industrious Coworking, which operates coworking spaces at Perform Properties' office locations including One Colorado in Pasadena, CA. Industrious provides flexible workspace solutions for tenants.
• CoreGivingcoreStrategic or Co-development Partner · 1 January 2024Partnership with CoreGiving, a nonprofit focused on fighting childhood hunger, as part of Perform Properties' social impact and community engagement initiatives. The company participates in CoreGiving Day volunteering activities where teams contribute time to support food security efforts in communities surrounding their properties.
• Project DestinedcoreStrategic or Co-development Partner · 1 January 2024Partnership with Project Destined, a nonprofit that provides career-focused training in financial literacy, entrepreneurship, and real estate to students. Perform Properties became the first real estate company to launch educational programming specifically focused on the office sector, reaching students across 25 universities nationwide. This partnership supports building a more inclusive talent pipeline into commercial real estate.

Scale indicators10 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Kimco Realty: One of the largest publicly traded owners and operators of open-air grocery-anchored shopping centers in the U.S., directly comparable to Perform Properties' retail portfolio of 155+ grocery-anchored assets.
• Brixmor Property Group: A large publicly traded open-air shopping center REIT with a national portfolio of grocery-anchored and community centers, closely aligned with Perform's retail operating platform.
• Federal Realty Investment Trust: An established grocery-anchored and mixed-use shopping center REIT with a focus on high-quality, open-air retail in major U.S. metros, directly comparable to Perform's retail leasing and asset management model.
• Vornado Realty Trust: A premier office-focused REIT with a high-quality Manhattan trophy office portfolio, directly comparable to Perform's Class A office portfolio including landmark assets like 800 Fifth and 1345 Avenue of the Americas.
• Phillips Edison & Company: A public REIT focused on grocery-anchored shopping centers with an integrated operating platform and tenant relationships with major grocery chains, directly comparable to Perform Properties' retail focus.
• Regency Centers: A premier grocery-anchored shopping center REIT that owns and operates high-quality neighborhood and community centers, a direct comparable to Perform's retail asset management approach.
• Highwoods Properties: A public office REIT focused on premier Class A office properties in high-growth Sun Belt markets, comparable to Perform's office portfolio strategy across markets like Atlanta, Raleigh, and Nashville.

Broad incumbents

• Brookfield Property Partners: A major global real estate investor and operator with a portfolio including retail, office, multifamily, and logistics, comparable to Perform's diversified retail-plus-office platform.
• Simon Property Group: The largest publicly traded retail REIT with a diversified portfolio including premium outlets, malls, and lifestyle centers, offering broader retail real estate capabilities overlapping with Perform's operations.

Others

• ShopCore Properties (predecessor): A former Blackstone portfolio company focused on grocery-anchored open-air shopping centers that was combined with ROIC and EQ Office to form Perform Properties in 2025; relevant as the predecessor entity and closest historical analog.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/PerformProperties
• LinkedInlinkedin.com/company/performproperties
• Instagraminstagram.com/perform.properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Perform Properties