Harbour Real Estate Partners

What Harbour Real Estate Partners does

Harbour Real Estate Partners (also operating as Harbour Retail Partners) is a privately-held real estate investment fund manager formed in 2013 and headquartered in Wilmington, NC, with additional offices in Atlanta, GA and Fort Myers, FL. The firm operates a series of Delaware limited partnership equity funds—Fund I (2013), Fund II ($50,000,000 in commitments, final closing January 2019), and Fund III ($50,000,000 target, formed January 2021)—that acquire and develop grocery-anchored retail shopping centers, mixed-use projects, multi-family communities, and single-tenant assets, primarily across the southeastern United States with selective deployments into Indiana, Illinois, Oklahoma, and Wisconsin.

The company's strategy combines value-add acquisition of existing properties with ground-up development, executing 25+ property transactions since inception. Core product lines include grocery-anchored retail (anchored by Publix, Whole Foods, Sprouts, Kroger, Harris Teeter, ALDI, Winn Dixie, The Fresh Market, and Earth Fare), mixed-use master-planned developments (e.g., Wallbrook in Rolesville, NC; Hyatt Regency Miami), Class A multi-family (e.g., The Flats at Hanover), and single-tenant build-to-suit (Chick-fil-A, Panera, Academy Sports, The Learning Experience). The firm does not operate a proprietary technology platform; its competitive edge rests on deep relationships with grocers, national retailers, capital partners, and developers, and on the 40+ years of combined acquisition, development, and grocery executive experience held by founding general partners Mike Barry, Jim Cheney, and Randy Kelley.

Harbour's business model is that of a traditional real estate private equity manager: it earns fund management fees on committed capital, transaction/acquisition fees on deployed capital, development fees on ground-up projects, and promoted interest (carried interest) on realized exits. Deal flow is originated through the partners' relationship network and executed through joint ventures with operating and capital partners including Preferred Apartment Communities, Equinox, Gencom, Crosland Southeast, RCG, and others. The firm is privately held, structured through its fund limited partnerships, and does not disclose revenue, AUM, or LP composition.

Name

Harbour Real Estate Partners

Legal name

Harbour Retail Partners Real Estate Fund I, L.P.

Website

https://harbourre.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Harbour Real Estate Partners is a privately-held real estate investment fund manager operating three equity funds (each ~$50M) that acquire and develop grocery-anchored retail, mixed-use, and multi-family properties, primarily in the southeastern United States.

Ownership category

akta.pro rank

Product category

Real Estate Investment and Development

NAICS

Other Investment Pools and Funds (5259), Other Financial Vehicles (52599)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Real Estate Funds — Opportunistic / Development (FSANAEAI)

Keywords

• Commercial real estate investment
• Retail property acquisition
• Mixed-use development
• Multi-family properties
• Real estate fund management

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Acquisition and Value-Add Investments: Acquiring existing retail, mixed-use, and multi-family properties with value-add potential, improving them through redevelopment and repositioning to increase net operating income.
2. Ground-up Development: Developing new grocery-anchored centers, mixed-use projects, and apartment/townhome communities from ground-up, primarily in southeastern United States.
3. Fund Management: Operating multiple equity real estate funds (Fund I, II, III) with institutional capital commitments for commercial property investments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Harbour Real Estate Partners is a private real estate investment fund manager that acquires and develops grocery-anchored retail, mixed-use, and multi-family properties, primarily in the southeastern United States. The firm operates a series of equity funds (Fund I, II, III) that deploy institutional capital into value-add acquisitions and ground-up development projects, with each fund targeting approximately $50 million in commitments.

Product overview

Harbour Retail Partners operates as a real estate investment fund with multiple equity funds (Fund I, Fund II, Fund III) focused on acquiring and developing retail, mixed-use, and multi-family properties. The company follows a value-add acquisition strategy for existing properties and ground-up development strategy primarily for grocery-anchored and mixed-use centers in the southeastern United States. The investment funds target grocery anchored shopping centers, mixed-use projects, and single-tenant assets, while the property portfolio includes named retail centers, apartment communities, and master-planned developments.

Differentiator

Problem solved

Functional benefit

Products and services

• Harbour Retail Partners Real Estate Fund I
• Harbour Retail Partners Real Estate Fund II
• Harbour Retail Partners Real Estate Fund III

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered minor and core.

• RCGminorStrategic or Co-development Partner · 1 August 2022Partnership with RCG for purchase of Shoppes at County Line in Indianapolis, IN. 268,000 SF shopping center 85% leased with national anchors Total Wine, TJ Maxx, Planet Fitness, Party City, Kids Empire and Ulta.
• GencomcoreStrategic or Co-development Partner · 1 January 2022Partnership with Gencom, a Miami-based hospitality owner and operator, for purchase of Hyatt Regency in Miami. Working on future redevelopment plans to expand the Hyatt and add both residential and retail uses.
• EquinoxcoreStrategic or Co-development Partner · 30 June 2021Partnership on purchase of Heathrow Square shopping center in Orlando MSA. Equinox brings local presence, tenant relationships and development experience. HRP contributed fund capital, acquisition competency and management experience. 101,392 SF center anchored by 42,112 SF Winn Dixie.
• Preferred Apartment Communities (PAC)coreStrategic or Co-development Partner · 1 February 2021Partnership with PAC on development of The Flats at Hanover. 262 Class A apartment units on 7.4 acres tract of land along Park Avenue. Expected delivery in 2023.
• Crosland SoutheastcoreStrategic or Co-development Partner · 26 March 2020Joint venture partnership for Wallbrook mixed-use development in Rolesville, NC. Partnership assembled approximately 80 acres with over half mile of frontage along Main Street. Development includes grocery-anchored retail, townhomes, and medical/professional office space.
• New Market Properties (Preferred Apartment Communities)coreStrategic or Co-development Partner · 19 December 2019Joint venture for acquisition of Hanover Shopping Center in Wilmington, NC. PAC made approximately 92.5% equity investment. 305,346 SF center anchored by Harris Teeter. PAC is wholly-owned indirect subsidiary of Preferred Apartment Communities (NYSE: APTS).
• Bradford Real Estate Co.minorStrategic or Co-development Partner · 15 November 2018Partnership to develop three 10,000 SF freestanding locations for The Learning Experience in Nashville TN, Chicago IL, and Shorewood IL. Combined skill-sets for nationwide growth program.
• Trask Land Co.minorStrategic or Co-development Partner · 14 November 2018Partnership to develop Renaissance Market in Wilmington, NC. 46,000 SF center anchored by Earth Fare and West Marine across from Mayfaire Town Center.
• Belz Investco GPminorStrategic or Co-development Partner · 16 March 2016Joint venture partnership to acquire and redevelop mixed-use property in Memphis, TN. Vacant office and hotel buildings redeveloped into multi-family over retail project (The Citizen).
• Mattiace DevelopmentminorStrategic or Co-development Partner · 3 October 2013Joint venture to develop and construct 75,000 SF Academy Sports in Douglasville, GA. Property acquired October 2013 and subsequently constructed and sold to American Realty Capital Properties.
• Coro Realty AdvisorsminorStrategic or Co-development Partner · 13 July 2013Joint acquisition of Rivoli Crossing shopping center in Macon, GA. 95,977 SF center anchored by The Fresh Market and Stein Mart.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Site Centers: Open-air shopping center REIT (NYSE: SITC) focused on necessity-anchored retail properties, including many with grocery anchors. Comparable asset class and tenant base, though more concentrated in larger-format centers.
• Brixmor Property Group: Largest publicly traded open-air shopping center landlord (NYSE: BRX) with strong grocery-anchored concentration. Trades at larger scale but provides a clear institutional benchmark for HRP's asset class and strategy.
• Armada Hoffler Properties: Diversified REIT (NYSE: AHH) headquartered in Virginia Beach with grocery-anchored retail, multi-family, and mixed-use development across the Southeast. The most direct comp to Harbour on geographic focus and product mix.
• Kite Realty Group: Open-air grocery-anchored shopping center REIT (NYSE: KRG) with strong Sunbelt and Mid-Atlantic concentration. Highly comparable in tenant base, asset type, and target geographies.
• Retail Opportunity Investments Corp. Grocery-anchored shopping center REIT (NASDAQ: ROIC) operating primarily on the West Coast and Mid-Atlantic. Directly comparable by asset class, with overlapping grocery tenant base.
• Phillips Edison & Company: Pure-play grocery-anchored shopping center REIT (NASDAQ: PECO). Closest direct comp to Harbour's grocery-anchored Fund I/II/III focus, with comparable asset mix and third-party fund management platform.
• Regency Centers: National grocery-anchored shopping center REIT (NASDAQ: REG) and dominant institutional owner/developer of necessity-anchored open-air retail. Directly comparable in tenant type, asset class, and Sunbelt market overlap.
• InvenTrust Properties: Open-air shopping center REIT (NYSE: IVT) focused on grocery-anchored necessity retail in Sunbelt markets. Closest size and geographic comp to Harbour's fund-level AUM and target region.

Broad incumbents

• Federal Realty Investment Trust: High-quality open-air shopping center REIT (NYSE: FRT) with mixed grocery-anchored and lifestyle exposure. Larger and more coastal than Harbour but in the same necessity-retail category.
• Kimco Realty: Largest pure-play open-air shopping center REIT (NYSE: KIM) with diversified grocery-anchored and necessity-anchored exposure. Larger and more institutional, but a clear asset-class benchmark for HRP.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/harbour-real-estate-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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 Harbour Real Estate Partners