What Developers Realty does

Developers Realty Corporation (DRC) is a privately held commercial real estate company founded in 1958 and headquartered in East Berlin, Connecticut. The company owns, develops, leases, and manages a portfolio of 24 shopping centers totaling approximately 1.7 million square feet across seven U.S. states: Connecticut, Indiana, New York, North Carolina, Pennsylvania, Texas, and Virginia. Property formats include community shopping centers, neighborhood centers, power centers, and lifestyle centers, with anchor tenants such as Walmart Supercenter, Home Depot, Shop Rite, Stop & Shop, BJ's Wholesale Club, Dick's Sporting Goods, Staples, Marshalls, and Big Lots, complemented by inline tenants including Panera Bread, Starbucks, Verizon, and Regal Cinemas.

DRC operates as an integrated owner-developer with in-house capabilities spanning architecture, design, engineering, and construction, and maintains a property management team that handles leasing and ongoing operations. The technology stack is traditional: a corporate website with a property search portal and direct contact via email and phone serve as the primary marketing and leasing channels. There is no proprietary technology platform, no APIs, no mobile app, and no AI/ML components disclosed.

The company's revenue model is recurring rental income from long-term commercial leases, with quote-based, individually negotiated pricing per property. Go-to-market is direct: anchor tenants are secured through relationships with national and regional retail chains, while inline spaces are leased to local and specialty retailers. The customer base is split between large enterprise tenants (anchor leases) and a long tail of smaller local businesses (inline spaces), with no disclosed pricing tiers or public rate cards.

Name

Developers Realty

Legal name

Developers Realty Corporation

Website

https://developers-realty.com

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

1–10 employees

Short description

Developers Realty Corporation is a privately held commercial real estate company founded in 1958 that owns, develops, leases, and manages 24 shopping centers totaling 1.7 million square feet across seven U.S. states, serving national retail anchors and local inline tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

East Berlin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Property Leasing: Rental income from leasing retail space in shopping centers to national, regional, and local retailers. Revenue generated through long-term commercial leases with anchor tenants and smaller retail spaces.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Developers Realty Corporation owns, develops, leases, and manages a portfolio of 24 shopping centers totaling 1.7 million square feet across 7 US states. The company provides commercial real estate services including site development, construction, leasing of anchor and inline retail space, and ongoing property management for national, regional, and local retail tenants.

Product overview

Developers Realty Corporation is a commercial real estate company that owns and develops shopping centers across the United States. The company operates a portfolio of 24 shopping centers totaling 1.7 million square feet of commercial space across 7 states (Connecticut, Indiana, New York, North Carolina, Pennsylvania, Texas, and Virginia). Their property types include community shopping centers, neighborhood centers, power centers, and lifestyle centers, with anchor tenants including major retailers such as Shop Rite, Stop & Shop, Wal-Mart, Big Lots, BJ's Wholesale Club, Marshalls, Staples, and others. Individual commercial units within these properties are also available for lease to smaller tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• Shopping Center Leasing
• Commercial Units

Named customers14 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• RPT Realty: Public REIT owning and operating open-air shopping centers in primary and secondary markets. Comparable property type and tenant mix, though at larger scale than DRC.
• Brixmor Property Group: Public REIT that owns and operates a national portfolio of open-air shopping centers anchored by grocery and necessity-based retailers. Most direct public comparable to DRC given similar anchor-tenant focus, secondary-market geography, and active leasing/redevelopment model.
• Regency Centers: Public REIT specializing in grocery-anchored shopping centers. Closely comparable tenant mix and property type to DRC, though Regency operates at significantly larger scale.
• SITE Centers: Public REIT focused on open-air shopping centers primarily in suburban locations with national and regional retailers. Directly comparable in property type and tenant strategy to DRC.
• Kite Realty Group: Public REIT owning open-air shopping centers primarily in the Sun Belt, recently merged with Retail Properties of America. Comparable as a focused shopping center operator with national anchor tenant strategy.
• CBL & Associates Properties: Public REIT that owns and operates a portfolio of open-air shopping centers, including many in secondary and tertiary markets across the Southeast and Midwest — directly overlapping DRC's geographic footprint and property format.
• Federal Realty Investment Trust: Public REIT focused on high-quality open-air shopping centers and mixed-use communities. The New Town Shops at Williamsburg (within a 365-acre mixed-use community) is directly analogous to Federal Realty's mixed-use strategy.
• Kimco Realty: Largest publicly-traded owner of open-air shopping centers in North America with focus on grocery-anchored and necessity-based retail. Operates a similar business model to DRC at vastly greater scale.
• Phillips Edison & Company: Public REIT focused exclusively on grocery-anchored neighborhood and community shopping centers. Highly comparable to DRC's anchor-tenant-driven strategy with similar property format and necessity-based retail focus.

Broad incumbents

• Simon Property Group: Largest publicly-traded REIT and leading global real estate company operating retail real estate including shopping centers, premium outlets, and lifestyle centers. Broad incumbent covering the same retail real estate category at vastly greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Developers Realty