What Northpond Partners does

Northpond Partners is a retail-focused U.S. real estate investment firm founded in 2019 by Sam Ankin and Phil Slovitt, headquartered in Chicago with a secondary office in Atlanta. The firm pursues two institutionally supported strategies: a Value-Add Strategy that acquires and repositions underutilized retail and mixed-use properties in supply-constrained top-50 metropolitan areas, and a Neighborhood Retail Strategy that targets unanchored shopping centers leased to service-oriented, necessity, medical, and food and beverage tenants. Capital is raised and deployed through closed-end discretionary investment funds — Fund III, Fund IV, Fund V, and the dedicated Northpond Retail Partners vehicle — backed by institutional and high net worth partners, with legacy transactions historically executed under Shiner Capital Partners-sponsored SCP Realty Fund I and II.

The business generates revenue through management fees, and likely acquisition, disposition, and incentive fees on the closed-end fund vehicles, rather than through any technology platform. There are no proprietary technology products; deal sourcing, underwriting, asset management, leasing, and accounting are run on traditional real estate workflows supported by partner-portal software (eFront for Fund III, Juniper Square for Fund IV, V, and Northpond Retail Partners). As of available data, the firm has closed 75+ investments representing over $1.3 billion in gross asset value across 4.5+ million square feet, with active geographic expansion across the Midwest, Southeast, Mid-Atlantic, Mountain West, and Texas.

Customer and distribution relationships are highly relationship-driven: the firm markets to institutional investors and high net worth individuals via direct outreach, ICSC and ULI industry networks, a professional website with portfolio-request sign-ups, and dedicated investor portals. The team of roughly 17 professionals brings prior experience from Morgan Stanley, JLL, Heitman, Crow Holdings, Blackstone (ShopCore), Starwood Retail Partners, EDENS, New Market Properties, Chase Properties, Pine Tree, Eastdil Secured, and CBRE, providing differentiated institutional underwriting, leasing, and asset management capabilities in a retail niche increasingly consolidated among larger diversified platforms.

Name

Northpond Partners

Legal name

Northpond Partners, LLC

Website

https://northpond.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Northpond Partners is a U.S. retail-focused real estate investment firm founded in 2019 that acquires, repositions, and asset-manages retail and mixed-use properties through closed-end discretionary funds (Fund III, IV, V, and Northpond Retail Partners) for institutional and high net worth investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure, Technology or R&D, Others

Distribution channels2 records

Marketing channels3 records

Core offering

Northpond Partners is a retail-focused real estate investment firm that acquires, develops, and redevelops retail and mixed-use properties across the U.S. It operates through two institutionally supported strategies—a Value-Add Strategy for underutilized retail and mixed-use assets and a Neighborhood Retail Strategy for unanchored shopping centers—financed through closed-end discretionary investment funds (Fund III, Fund IV, Fund V, and Northpond Retail Partners) backed by institutional and high net worth partners.

Product overview

Northpond Partners is a retail-focused real estate investment firm operating through two main investment strategies: the Value Add Strategy (acquiring and revitalizing underutilized retail and mixed-use properties with repositioning potential) and the Neighborhood Retail Strategy (targeting unanchored neighborhood shopping centers with convenience, necessity, and service-based tenants). The firm operates through multiple closed-end discretionary investment funds (Fund III, Fund IV, Fund V, and Northpond Retail Partners), backed by institutional and high net worth partners. The portfolio includes various individual properties across different markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Value Add Strategy An investment strategy that acquires and revitalizes underutilized retail and mixed-use properties in high-demand urban and suburban markets, employing flexible investment approaches and hands-on asset management to unlock hidden value and drive long-term growth. Targeted at institutional and high net worth investors through Northpond's closed-end funds.
• Neighborhood Retail Strategy A strategy that acquires and enhances unanchored neighborhood shopping centers with convenience, necessity, and service-based tenants in high-demand trade areas, using an all-cash buying approach and streamlined closings. Offered to institutional and high net worth investors.
• Fund III A closed-end discretionary investment fund backed by institutional and high net worth partners, managed by Northpond Partners for retail and mixed-use real estate investments.
• Fund IV A closed-end discretionary investment fund backed by institutional and high net worth partners, managed by Northpond Partners for retail and mixed-use real estate investments.
• Fund V A closed-end discretionary investment fund backed by institutional and high net worth partners, managed by Northpond Partners for retail and mixed-use real estate investments.
• Northpond Retail Partners An investment vehicle focused on retail properties, part of Northpond's suite of closed-end discretionary funds backed by institutional and high net worth partners.

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Pine Tree: Retail-focused real estate firm where Northpond's Mary Beth Iveljic oversaw leasing of 30 assets totaling 3.7M sq ft. Comparable mid-market retail real estate operator.
• New Market Properties: Retail-focused real estate investment firm (formerly NYSE:APTS) where Northpond's Taylor Brown led $600M+ of acquisitions across the Southeast and Mid-Atlantic. Highly comparable value-add neighborhood center strategy.
• EDENS: Retail real estate developer and investor where Northpond's Taylor Brown did investment analysis on Northeast portfolio acquisitions. Comparable urban infill retail focus.
• Chase Properties: Shopping center investment firm where Northpond's Director of Acquisitions Marco Macali previously led acquisitions and dispositions. Directly comparable retail-focused PE strategy at similar scale.
• ShopCore Properties: Blackstone-owned grocery-anchored shopping center portfolio where Marco Macali sourced and executed acquisitions. Direct competitor for unanchored and grocery-anchored retail assets.
• Phillips Edison & Company: Public retail REIT focused on neighborhood and community shopping centers — directly comparable to Northpond's Neighborhood Retail Strategy in tenant mix and asset profile.
• Starwood Retail Partners: Retail REIT where Northpond's Kirstey Lein structured package leasing deals with national tenants. Directly comparable retail-focused portfolio leasing and asset management platform.

Broad incumbents

• Federal Realty Investment Trust: Premium public retail REIT competing with Northpond for high-quality mixed-use and street retail assets in supply-constrained urban and suburban markets. Broader incumbent in the retail space.
• Regency Centers: Large public retail REIT focused on grocery-anchored shopping centers. Direct competitor for unanchored neighborhood retail acquisitions but at significantly larger scale.
• Crow Holdings: Diversified PE real estate firm where Northpond co-founder Phil Slovitt previously acquired and asset-managed $350M+ of retail, office and industrial properties. Larger incumbent with overlapping retail capability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/northpond-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Northpond Partners