Saglo Development
Saglo Companies is a privately held commercial real estate owner-operator that acquires, repositions, and manages roughly 24 community and neighborhood shopping centers totaling 2.4 million square feet across Florida, Georgia, and Maryland, serving national and regional retail tenants and outside equity investors.
- Company typePrivate
- Founded1976
- HeadquartersMiami, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Saglo Development does
Saglo Companies LLC, doing business as Saglo Development, is a privately held commercial real estate owner-operator founded in 1976 by Saul Glottmann and headquartered in Miami Lakes, Florida. The firm acquires, repositions, and actively manages a portfolio of approximately 24 community and neighborhood shopping centers totaling more than 2.4 million rentable square feet across Florida, Georgia, and Maryland. Its investment criteria target multi-tenant centers with NOI above $1 million at price points below $200 per square foot, east of the Mississippi River, with deal-level cap rates historically between 8.25% and 10.1% and 60–65% LTV leverage.
Saglo generates revenue primarily through rental income from its shopping center tenants, supplemented by value creation through property repositioning, refinancing, and asset appreciation. Go-to-market is sales-led and relationship-driven: an internal leasing team headed by a VP of Leasing sources national and regional retailers directly, while investor capital is raised and serviced through dedicated relationship management supported by a RealPage IMS investor portal. Tenant operations are run through an in-house property management and accounting organization, with tenant self-service delivered via Rent Manager's Tenant Web Access and site selection analytics provided by Placer.ai.
The company is led by Chairman Jack Glottmann (son of the founder) and President + CEO Hue Chen, who joined in 2012 and has overseen a 298% portfolio expansion over 11 years and the acquisition of 19 properties totaling more than $200 million since 2014. In 2024, Saglo closed a $50 million equity raise to fund an additional $70 million of shopping center acquisitions, and it currently operates with 11–50 employees.
Saglo Development firmographics
Firmographics- Name
- Saglo Development
- Legal name
- Saglo Companies LLC
- Website
- https://saglo.com
- Company type
- Private
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Saglo Companies is a privately held commercial real estate owner-operator that acquires, repositions, and manages roughly 24 community and neighborhood shopping centers totaling 2.4 million square feet across Florida, Georgia, and Maryland, serving national and regional retail tenants and outside equity investors.
- Ownership category
- akta.pro rank
Saglo Development industry classification
Industry- NAICS
- Real Estate Property Managers (53131), Activities Related to Real Estate (5313)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Commercial Real Estate Asset Management (BPAJAMAB)
- akta.pro secondary industry
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)
Keywords
Where Saglo Development is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Saglo Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Commercial Real Estate Rental Income: Saglo generates revenue through leasing retail and commercial space in their shopping center portfolio. The company acquires shopping centers, repositions them through improved operations and proactive leasing, and generates rental income from tenants. Additional value creation comes through property appreciation and strategic refinancing.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Saglo Development product offering
Product offeringCore offering
Saglo Development is a privately-held commercial real estate firm that acquires, repositions, and operates community and neighborhood shopping centers across Florida, Georgia, and Maryland. The company owns a portfolio of approximately 24 centers totaling over 2.4 million square feet, generating rental income from retail tenants while providing property management, leasing, and asset management services. Saglo pursues a value-add investment strategy targeting assets with NOI greater than $1M and price/PSF below $200/PSF, primarily east of the Mississippi River.
Product overview
Saglo Development is a privately owned real estate investment company that owns and operates a portfolio of approximately 24 community and neighborhood shopping centers totaling approximately 2.4 million square feet across Florida, Georgia, and Maryland. The company's core offering is not a software product but rather real estate assets—shopping center properties—alongside associated property management, leasing, and investor relations services. The portfolio spans multiple states and includes various individual shopping center properties, each serving as the company's primary 'product' offering for investors and tenants.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Portfolio growth of more than 298% over 11 years
- +5 more outcomes
Companies that use Saglo Development
Customer profileNamed customers18 records
Segments3 records
Ideal customer profiles2 records
Saglo Development technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Saglo Development partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- RealPage (IMS - Investor Management Services)coreRealPage's IMS platform is used by Saglo as a web-based solution to streamline investor relations and investment management for their commercial real estate portfolio. The platform handles investor communications, reporting, and relationship management.
- Rent ManagercoreRent Manager provides the Tenant Web Access (TWA) platform used by Saglo tenants to access their accounts online and make payments with greater convenience. The system supports tenant-portal functionality for property management.
Scale indicators9 records
Recent moves8 records
Expansion highlights5 records
Saglo Development competitors and assessment
Company assessmentDirect peers
- Phillips Edison & Company: A publicly traded REIT that owns and operates a grocery-anchored shopping center portfolio, with a strategy very similar to Saglo's: acquiring and repositioning necessity-based community centers. Directly comparable in asset type, target sub-sector, and leasing model.
- Retail Opportunity Investments Corp (ROIC): Public REIT specializing in necessity-based shopping centers on the West Coast and East Coast, primarily grocery-anchored. Similar size range to Saglo's planned institutional evolution and identical sub-sector focus.
- Acadia Realty Trust: Public REIT with a core portfolio of necessity-based shopping centers and a value-add acquisition program. Operates in the same grocery/community-center niche and competes with Saglo for similar off-market and small-portfolio opportunities.
- Kite Realty Group (now PRRESD / Raith Capital Properties): Was a publicly traded grocery-anchored shopping center REIT that was taken private in 2024. Closely mirrors Saglo's strategy of acquiring high-quality, open-air shopping centers in top MSAs.
- American Assets Trust: Diversified REIT with a meaningful retail shopping center component in California, Florida, and other Sunbelt markets. Comparable portfolio mix and Sunbelt geographic exposure.
Broad incumbents
- Kimco Realty: One of the largest publicly traded shopping center REITs in North America, focused on grocery-anchored open-air centers. A scaled incumbent that competes for institutional capital and major-tenant relationships across Saglo's sub-sector.
- Regency Centers Corporation: Leading publicly traded REIT focused on grocery-anchored shopping centers in affluent suburban markets. Represents the institutional gold standard against which Saglo's portfolio positioning is benchmarked.
- Federal Realty Investment Trust: Premier shopping center REIT known for high-quality mixed-use and open-air centers. Overlapping tenant roster (Wells Fargo, CVS, Starbucks) and similar leasing discipline make it a key institutional reference point.
- Brixmor Property Group: Large public REIT focused on open-air shopping centers, including grocery-anchored assets. Operates nationally at a significantly larger scale than Saglo and is a direct competitor for institutional capital flows into retail real estate.
Regional players
- Cousins Properties: Sunbelt-focused REIT. While Cousins is primarily an office landlord, its deep Sunbelt expertise and overlap in markets like Atlanta and Florida make it an adjacent comparable for capital allocation and operator economics in Saglo's core geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Saglo Development social profiles
Digital presenceSaglo Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Saglo Development leadership team
Management profileNumber of profiles
Profiles10 records
Saglo Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Saglo Development 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 Saglo Development
What does Saglo Development do?
Saglo Development is a privately-held commercial real estate firm that acquires, repositions, and operates community and neighborhood shopping centers across Florida, Georgia, and Maryland. The company owns a portfolio of approximately 24 centers totaling over 2.4 million square feet, generating rental income from retail tenants while providing property management, leasing, and asset management services. Saglo pursues a value-add investment strategy targeting assets with NOI greater than $1M and price/PSF below $200/PSF, primarily east of the Mississippi River.
Is Saglo Development a public or private company?
Saglo Development is a private company. It is currently operating.
When was Saglo Development founded?
Saglo Development was founded in 1976. It employs 11 to 50 people.
Where is Saglo Development based?
Saglo Development is headquartered in Miami, United States, in the North America region.
How does Saglo Development make money?
One revenue line is on record: commercial Real Estate Rental Income.
Who are Saglo Development's main competitors?
Direct peers on record are Phillips Edison & Company, Retail Opportunity Investments Corp (ROIC), Acadia Realty Trust, Kite Realty Group (now PRRESD / Raith Capital Properties) and American Assets Trust. Broad incumbents are Kimco Realty, Regency Centers Corporation, Federal Realty Investment Trust and Brixmor Property Group. Cousins Properties is listed as a regional player.
Does Saglo Development have an API?
No public API is recorded for Saglo Development.
What industry is Saglo Development in?
Its primary akta.pro industry code is BPAJAMAB, Commercial Real Estate Asset Management, with a secondary code of BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization). Its NAICS code is 53131 and its SIC code is 6532.