What Sandmar Properties does

Sandmar Properties is a private real estate investment firm founded in 2005 and headquartered in Potomac, Maryland. The firm specializes in acquiring and managing grocery-anchored, workforce retail shopping centers across multiple U.S. states. Its current portfolio comprises approximately 23 properties totaling just over 2,750,000 square feet, and since its founding the firm has acquired more than 4,180,000 square feet of retail shopping centers with operating partners across states including Ohio, Pennsylvania, Tennessee, Virginia, Maryland, West Virginia, South Carolina, New York, Florida, and North Carolina.

The firm operates on a deal-by-deal basis, raising capital from a network of passive real estate investors — primarily friends, family, and colleagues in the real estate industry seeking to transition from active to passive investing. Sandmar combines its own evaluation and underwriting capabilities with operating partners' leasing and management expertise, and structures deals with an 8% preference return and return of equity to investors prior to sponsor participation. The senior team is led by Co-Managing Members Steve Garchik (40+ years of real estate development, Wharton MBA, 10M+ sq ft developed) and Ron Strawn (35+ years of commercial real estate, day-to-day operations lead), supported by a VP of Operations and a Lead Accountant.

Sandmar's primary digital product is an Investor Portal providing dashboard access to investment portfolios, asset-level detail, and secure document storage, built on AppFolio Investment Management infrastructure. Revenue is generated through real estate investment management — acquisition fees, asset management fees, and sponsor participation after the 8% investor preference — and the firm has no publicly disclosed pricing or fee schedule. The firm holds no disclosed funding rounds, patents, or formal awards, and distribution runs through direct investor relationships rather than institutional capital-raising channels.

Name

Sandmar Properties

Legal name

Sandmar Properties, LLC

Website

https://sandmarproperties.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Sandmar Properties is a private real estate investment firm founded in 2005 that acquires and manages grocery-anchored retail shopping centers on a deal-by-deal basis for passive investors drawn from friends, family, and industry colleagues.

Ownership category

akta.pro rank

Headquarters

HQ city

Potomac

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Investment Management: The firm generates revenue through real estate investment partnerships, acquiring and managing grocery-anchored retail shopping centers. A typical deal structure includes an 8% preference and return of equity prior to the sponsor's participation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Sandmar Properties is a private real estate investment firm that acquires and manages grocery-anchored, workforce retail shopping centers on a deal-by-deal partnership basis. The firm raises capital from passive investors and combines its evaluation and underwriting capabilities with operating partners' leasing and management expertise, providing above-market risk-adjusted returns with an 8% preference return structure before sponsor participation.

Product overview

Sandmar Properties operates as a private Real Estate Investment Firm focused on grocery-anchored, workforce retail shopping centers. The company offers an Investor Portal as its primary digital product, enabling investors to access portfolio dashboards, view detailed asset information, and securely store investment documents. The core business involves acquiring and managing retail shopping centers, with a current portfolio of approximately 23 properties totaling just over 2,750,000 square feet across multiple U.S. states.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Investment Partnerships Deal-by-deal investment partnerships that allow passive investors to participate in acquiring and managing grocery-anchored, workforce retail shopping centers. A typical deal structure includes an 8% preference return and return of equity before the sponsor participates in profits. The firm leverages Sandmar's evaluation and underwriting expertise with operating partners' leasing and management capabilities.
• Investor Portal Web-based investor portal providing a dashboard summary of investments, detailed asset information, and secure document storage for sharing with CPAs and other financial managers. Designed for active investors in Sandmar Properties' real estate partnerships.

Named customers20 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Brixmor Property Group: Brixmor is a public REIT owning and operating a national portfolio of open-air shopping centers, many grocery-anchored. It is comparable to Sandmar as a grocery-anchored retail center investor, but operates at institutional scale and as a perpetual capital vehicle rather than a deal-by-deal sponsor.
• Regency Centers Corporation: Regency Centers is one of the largest grocery-anchored shopping center REITs in the US. It is broadly comparable to Sandmar's investment focus but operates at nationwide institutional scale with permanent public capital.
• Kimco Realty: Kimco Realty is a major public REIT with a large grocery-anchored shopping center portfolio. It is comparable to Sandmar in asset category but operates at vastly larger scale and has international exposure.
• Urban Edge Properties: Urban Edge owns and operates grocery-anchored shopping centers primarily in the New York metro area. It is comparable to Sandmar in asset focus but is a public REIT with regional concentration that differs from Sandmar's multi-state footprint.
• Kite Realty Group Trust: Kite Realty is a public REIT focused on open-air, grocery-anchored shopping centers in select markets. It is comparable to Sandmar's niche strategy but operates as a public, perpetual capital vehicle at institutional scale.
• Federal Realty Investment Trust: Federal Realty owns a high-quality, grocery-anchored shopping center portfolio. It is comparable to Sandmar in asset focus but is a much larger, established public REIT with broader mixed-use holdings.
• Phillips Edison & Company: Phillips Edison is a public REIT focused on grocery-anchored shopping centers, directly comparable to Sandmar's niche. It represents the institutional, scaled version of the same strategy Sandmar pursues at a smaller private scale.
• SITE Centers: SITE Centers (formerly DDR Corp.) is a public REIT focused on open-air, grocery-anchored shopping centers. It is a broadly comparable large-scale operator in the same shopping center asset class as Sandmar.

Direct peers

• Levin Management Corporation: Levin Management is a retail property management and leasing firm specializing in shopping centers. It is comparable to Sandmar as a retail-focused real estate operator, though Levin focuses more on third-party management while Sandmar focuses on investment partnership.
• Stoltz Real Estate Partners: Stoltz Real Estate Partners is a private real estate investment firm focused on retail and commercial real estate. It is comparable to Sandmar as a private sponsor raising capital from passive investors for retail property investments, though at a larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sandmar-properties-llc

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 Sandmar Properties