What Horizon Group Properties does

Horizon Group Properties, Inc. is a Rosemont, Illinois-based real estate company that owns, develops, and manages outlet shopping centers in the United States. The company is publicly traded on OTCMKTS under the ticker HGPI and reports through formal investor relations communications including quarterly and annual financial statements. As of April 2026, its portfolio encompasses 12 factory outlet centers and 1 power center spanning 10 states, with named properties including The Outlet Shoppes at Atlanta, The Outlet Shoppes of the Bluegrass, Lincoln City Outlets, The Outlet Shoppes at Laredo, The Outlet Shoppes at El Paso, and Outlets at The Dells. Beyond owned retail assets, Horizon is developing a master-planned community in suburban Chicago (Huntley), which includes residential, hospitality, and hotel components.

The company's core products are physical retail real estate, with revenue generated through three streams: rental income from leasing retail space to national and regional brand tenants in owned outlet centers, ownership-driven property appreciation and sales, and fee-based third-party asset management services encompassing leasing, operations, accounting, marketing, and strategic planning for external property owners. It also operates restaurant franchise concepts, including a craft pizza and craft beer concept, as a tenant-mix differentiator. Pricing is quote-based and negotiated individually per lease or management contract. The company employs between 11 and 50 people and is led by Chairman/President/CEO Gary Skoien, CFO James Dixon, COO Victoria Larionova, and a senior team with prior leadership experience at The Prime Group, The Mills Corporation, McArthur Glen, JLL, CBRE, Macerich, and other major retail real estate operators.

Horizon serves three distinct customer segments: retail consumers seeking discounted brand-name merchandise, retail brands and tenants seeking outlet mall locations with professional management and high foot traffic, and third-party property owners seeking outsourced leasing and asset management services. The go-to-market model combines direct enterprise leasing sales with consumer-facing property websites and ICSC industry event participation. Recent strategic activity has been acquisitive, with Lincoln City Outlets added in 2023 and Outlets at the Dells added in March 2024, alongside the formalization of the third-party asset management service line.

Name

Horizon Group Properties

Legal name

Horizon Group Properties, Inc.

Website

https://horizongroup.com

Company type

Public

Operating status

Operating

Headcount range

11–50 employees

Short description

Horizon Group Properties owns, develops, and manages outlet shopping centers across the United States, leasing retail space to brand tenants while offering third-party asset management services to other property owners.

Ownership category

akta.pro rank

Headquarters

HQ city

Niles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Retail Leasing: Revenue generated from leasing retail space to tenants in owned outlet shopping centers across the United States.
2. Third-Party Asset Management Services: Provides leasing, management/operations, accounting/financial reporting, marketing, strategic/master planning, and tenant coordination services to third-party property owners for a fee.
3. Property Ownership and Development: Owns and develops outlet shopping centers, generating revenue through property appreciation, sales, and ongoing operations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Horizon Group Properties is an owner, developer, and operator of outlet shopping centers in 6 states (Georgia, Kentucky, Oregon, Texas, Wisconsin) and a developer of a master planned community in suburban Chicago. The company leases retail space in its owned centers to national and regional brands, and also offers third-party asset management services including leasing, operations, accounting, marketing, and strategic planning to other property owners.

Product overview

Horizon Group Properties operates as an owner, developer, and manager of outlet shopping centers across the United States, with a portfolio of 6 outlet centers spanning Georgia, Kentucky, Oregon, Texas, and Wisconsin, plus master planned community developments in suburban Chicago. The company offers a portfolio of named outlet properties (The Outlet Shoppes at Atlanta, The Outlet Shoppes of the Bluegrass, Lincoln City Outlets, The Outlet Shoppes at Laredo, The Outlet Shoppes at El Paso, and Outlets at The Dells), supplemented by commercial real estate development projects (Huntley Village Green, Huntley Development, Huntley Hotel Development) and third-party asset management services including leasing, operations, accounting, marketing, and strategic planning for other property owners. The company also operates restaurant franchises and entertainment concepts within their properties.

Differentiator

Problem solved

Functional benefit

Brands

• The Outlet Shoppes at Atlanta: Outlet shopping center in Georgia
• The Outlet Shoppes of the Bluegrass
• Lincoln City Outlets
• The Outlet Shoppes at Laredo
• The Outlet Shoppes at El Paso
• Outlets at The Dells

Products and services

• The Outlet Shoppes at Atlanta Outlet shopping center located in Georgia, offering retail space for lease to national and international brands.
• The Outlet Shoppes of the Bluegrass Outlet shopping center located in Kentucky, serving the greater Louisville metropolitan area.
• Lincoln City Outlets Outlet shopping center located in Oregon along the Oregon Coast, serving tourists and local residents.
• The Outlet Shoppes at Laredo Outlet shopping center located in Texas near the U.S.-Mexico border, serving cross-border shoppers.
• The Outlet Shoppes at El Paso Outlet shopping center located in Texas, serving the El Paso metropolitan area and surrounding regions.
• Outlets at The Dells Outlet shopping center located in Wisconsin Dells, serving the large tourist population visiting Wisconsin's largest waterpark complex.
• Huntley Village Green Master planned community development in suburban Chicago, part of the Huntley development project.
• Huntley Hotel Development Hotel development project within the Huntley master planned community in suburban Chicago.
• Third-Party Leasing and Asset Management Solutions Comprehensive asset management services offered to third-party property owners, including leasing, management/operations, accounting/financial reporting, marketing, strategic/master planning, tenant coordination, and development/construction coordination.
• Restaurant, Franchise, and Entertainment Concepts Restaurant franchise ownership, design, and operations including a full-service craft pizza and craft beer restaurant, with expertise in adding dining and entertainment to shopping experiences.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Outlets at the DellscoreStrategic or Co-development Partner · 24 March 2024Horizon Group Properties acquired an unknown stake in Outlets at the Dells. The company owns and manages outlet shopping centers across the United States, including Outlets at the Dells. This acquisition expanded their portfolio of outlet properties.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Tanger Inc. Pure-play publicly traded outlet shopping center REIT with a U.S. portfolio of factory outlet centers — the most direct comparable to Horizon Group's owned-and-operated outlet business model.
• McArthurGlen Group: Europe's leading designer outlet operator with growing U.S. presence; Horizon's Managing Director James Harris was formerly COO. Closest functional peer on outlet-center operating expertise and tenant mix.

Broad incumbents

• Macerich: Major U.S. shopping center REIT with outlet and open-air retail exposure. Competes for retail tenants and third-party management mandates, and Horizon's SVP of Marketing previously led outlet marketing at Macerich.
• Brookfield Property Partners: Large alternative-asset retail real estate owner-operator with outlet and shopping center holdings globally. Represents the well-capitalized buyer that Horizon may compete against for acquisitions.
• Simon Property Group: Largest U.S. retail REIT and operator of Simon Premium Outlets, the dominant outlet-center platform. Competes for tenants, capital, and acquisition targets across the same property category.
• Taubman Centers: Premium shopping center operator (now part of Simon) whose executive ranks have produced Horizon leadership — directly comparable on business model and tenant-relationship dynamics.
• CBL & Associates Properties: Mall and open-air retail REIT that operates properties in secondary markets — overlapping Horizon's geographic profile and tenant base, providing a benchmark for smaller-market retail real estate performance.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/horizon-group-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Horizon Group Properties