What Burroughs & Chapin does

Burroughs & Chapin is a privately-held real estate investment trust (REIT) headquartered in Myrtle Beach, South Carolina, that owns and manages approximately 5 million square feet of retail, dining, and entertainment properties across the Southeast United States. Founded in 1870, the company has operated for more than 150 years and owns iconic experiential destinations including Broadway at the Beach (South Carolina's top-rated tourist attraction) and Barefoot Landing in Myrtle Beach, along with diversified assets spanning power centers, grocery-anchored centers, neighborhood centers, convenience centers, and urban high-street retail in markets such as Charleston, Greenville, Columbia, Savannah, Augusta, Raleigh, Wilmington, Cumming, and Woodstock. The company serves a mixed tenant base ranging from national anchor retailers (Costco, Best Buy, Marshalls, Ross Dress for Less, HomeGoods, Total Wine & More, Michaels, Verizon, Chase Bank, Chipotle) to local and regional businesses, dining and entertainment operators, and entrepreneurs using its Specialty Leasing Program for short-term, seasonal, or temporary retail space.

The company operates three core offerings: (1) commercial property leasing across its diversified portfolio; (2) a Specialty Leasing Program providing flexible short-term formats including Retail Merchandising Units, kiosks, and temporary in-line stores; and (3) property management services delivered through a dual in-house and third-party partner model. Tenant engagement is conducted via dedicated property leasing representatives, a centralized commercial leasing division, and an online inquiry system, supported by a GoFMX-based maintenance request portal. The company's underlying technology is conventional commercial real estate operations tooling rather than proprietary software; no AI, APIs, or developer platforms are described in available source material.

Burroughs & Chapin generates revenue primarily through long-term commercial leases on its owned portfolio, supplemented by specialty leasing fees (transactional in nature) and property management service fees. Pricing is negotiated directly with prospective tenants based on property type, location, space requirements, and lease duration, with no publicly disclosed rate cards. The go-to-market is relationship-driven enterprise field sales for anchor and long-term leases combined with a self-serve/online application flow for the specialty leasing program. With only 11-50 employees supporting a 5 million square foot portfolio, the company operates with significant operational leverage and long-tenured institutional expertise.

Name

Burroughs & Chapin

Legal name

Burroughs & Chapin

Website

https://burroughsandchapinleasing.com

Company type

Private

Founded year

1870

Operating status

Operating

Headcount range

11–50 employees

Short description

Burroughs & Chapin is a privately-held REIT that owns and manages approximately 5 million square feet of retail, dining, and entertainment properties across the Southeast US, serving national retailers, local businesses, and entrepreneurs via traditional and specialty leasing programs.

Ownership category

akta.pro rank

Headquarters

HQ city

Myrtle Beach

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Commercial Property Leasing: Burroughs & Chapin generates primary revenue through leasing approximately 5 million square feet of retail, dining, and entertainment properties across the Southeast. The company leases space to national retailers, regional businesses, and local entrepreneurs across various property types including power centers, neighborhood centers, experiential retail destinations, grocery-anchored centers, convenience centers, and urban retail locations.
2. Property Management Services: The company provides property management services to maintain operational standards across their portfolio, leveraging both in-house teams and third-party partners. This dual approach ensures professional service delivery and maintenance response across all properties.
3. Specialty Leasing Program: A flexible leasing program offering short-term and seasonal retail space through Retail Merchandising Units, Kiosks, and Temporary In-Line Stores. This program targets entrepreneurs, established retailers, and wholesalers looking to test new concepts or establish presence in the market.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Burroughs & Chapin owns, leases, and manages approximately 5 million square feet of retail, dining, and entertainment properties across the Southeast United States. Its offerings include traditional commercial leasing across power centers, neighborhood centers, grocery-anchored centers, convenience centers, urban high street retail, and experiential retail destinations, complemented by a Specialty Leasing program for short-term, seasonal, and temporary retail space, and in-house plus third-party property management services.

Product overview

Burroughs & Chapin is a privately-held real estate investment trust (REIT) that operates as a commercial property management and leasing company. The company offers a unified platform of real estate services centered around three core offerings: Property Portfolio Management (approximately 5 million square feet of commercial properties across the Southeast), Specialty Leasing Program (flexible short-term and seasonal retail space for entrepreneurs and retailers), and Property Management Services (operational management through in-house teams and third-party partners). The portfolio spans multiple property types including Experiential Retail destinations (Broadway at the Beach, Barefoot Landing, Lumina Station), Convenience Centers, Grocery Anchored Centers, Neighborhood Centers (Vickery Village, Augusta Village, Northcutt Plaza), Power Centers (501 Commons, Arcadian Shores), and Urban Retail (King Street Portfolio, Downtown Woodstock Portfolio, Broughton Street Portfolio). The company serves tenants from startups testing retail concepts to established national retailers, offering flexible leasing formats including Retail Merchandising Units, Kiosks, Temporary In-Line Stores, and traditional commercial leases.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Leasing — Experiential Retail Properties Leasing of high-traffic experiential retail destinations in Myrtle Beach, SC (Broadway at the Beach, Barefoot Landing) and Wilmington, NC (Lumina Station), targeted at dining, entertainment, and tourist-oriented retailers and operators.
• Commercial Leasing — Power Centers Leasing of large power center properties including 501 Commons and Arcadian Shores Commons in Myrtle Beach, SC, anchored by national retailers such as Costco, Best Buy, HomeGoods, Marshalls, Ross Dress for Less, and Dollar Tree.
• Commercial Leasing — Grocery Anchored Centers Leasing of grocery-anchored retail centers including Grande Dunes Marketplace (Myrtle Beach, SC), Greystone Village (Raleigh, NC), Shoppes at Tournament Boulevard, and Shoppes at South Strand Commons in Myrtle Beach, SC.
• Commercial Leasing — Neighborhood Centers Leasing of neighborhood retail centers including Augusta Village (Augusta, GA), Northcutt Plaza (Mount Pleasant, SC), and Vickery Village (Cumming, GA), featuring a dynamic mix of boutique shops, dining options, and essential services.
• Commercial Leasing — Convenience Centers Leasing of smaller-format convenience center properties across Myrtle Beach, SC, including 29th Avenue and Grissom Parkway, 80th Avenue, Coastal Grand Commons, Oleander Market, Marketplace at South Strand Commons, Palisades Village, Pine Island Market Place, and South Strand Commons Convenience Center.
• Commercial Leasing — Urban Retail Leasing of urban street retail properties including 103 N Main Street (Greenville, SC), Downtown Woodstock Portfolio (Woodstock, GA), Gervais Street (Columbia, SC), King Street Portfolio (Charleston, SC), and Broughton Street Portfolio (Savannah, GA).
• Specialty Leasing Program Flexible leasing program enabling entrepreneurs, established retailers, and wholesalers to test or launch retail concepts through short-term, seasonal, event-based, or year-round placements using Retail Merchandising Units, Kiosks, and Temporary In-Line Stores across high-traffic Burroughs & Chapin properties.
• Property Management Services Comprehensive property management services delivered through a dual approach combining in-house professional teams and strategically selected third-party partners to maintain operational standards, maintenance response, and tenant support across the Southeast portfolio.

Quantifiable outcome

• 5 million square feet of retail, dining and entertainment properties actively owned and managed

Named customers12 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

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Site Centers: Open-air shopping center REIT with a portfolio of necessity-based and value-oriented retail centers. Comparable in property type and tenant focus on national discount and value retailers.
• Retail Opportunity Investments Corp. Retail REIT focused on shopping centers anchored by necessity-based retailers. Comparable in property type (grocery-anchored centers) and focus on essential-retail tenants, though concentrated on West Coast and East Coast.
• Phillips Edison & Company: Internally-managed REIT focused on grocery-anchored neighborhood shopping centers. Comparable in tenant mix (necessity-based retail anchors) and property type, though PECO operates across a broader geographic footprint.
• Acadia Realty Trust: REIT focused on grocery-anchored and lifestyle shopping centers in select markets. Comparable in tenant mix (national retail anchors) and neighborhood/lifestyle center focus, though at smaller scale.
• Tanger Inc. Outlet and experiential retail REIT with a portfolio of destination shopping centers often in tourist markets. Comparable in focus on tourist/travel-driven experiential retail destinations and high-traffic environments.
• Regency Centers Corporation: National grocery-anchored shopping center REIT with a portfolio of high-quality necessity-based retail centers. Directly comparable to Burroughs & Chapin's grocery-anchored centers and neighborhood retail focus, though Regency operates nationally at much larger scale.
• Kite Realty Group Trust: Open-air shopping center REIT focused on dominant retail properties in select markets. Highly comparable in property type (open-air power and neighborhood centers) and tenant composition, though publicly traded and larger scale.
• Federal Realty Investment Trust: REIT specializing in high-quality open-air shopping centers and mixed-use destinations in select markets. Comparable in focus on experiential, high-traffic retail destinations and premium positioning, though operates at national scale.

Broad incumbents

• Brookfield Property Partners: One of the world's largest commercial real estate companies with a diversified retail and mixed-use portfolio. Comparable as a much larger owner/operator of retail real estate but operates at far greater scale and across all property types globally.

Regional players

• Whitestone REIT: Community-centered shopping center REIT focused on select markets primarily in Texas and the Southwest. Comparable in property type (open-air shopping centers) and tenant focus on local/service businesses, though operates in different geography.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Burroughs & Chapin