First National Realty Partners Achieves Impressive Mid-Year Growth in 2025
First National Realty Partners Achieves Impressive Mid-Year Growth in 2025
In a recent announcement, First National Realty Partners (FNRP), a prominent player in the national private equity commercial real estate arena, revealed promising results for the first half of 2025. Demonstrating remarkable momentum across leasing and acquisitions, FNRP has positioned itself favorably amid ongoing market fluctuations. The firm’s achievements underscore the continued strength of grocery-anchored retail, reflecting its strategic advantages thanks to its vertically integrated platform.
Entering the latter half of the year, FNRP adopts a well-defined strategy and an active acquisition pipeline. In Q2 alone, the firm successfully signed leases totaling 66,569 square feet, surpassing its leasing targets for a second consecutive quarter. This brings the total leasing volume for the year to over 154,500 square feet, representing more than 44% of its annual goal of 350,000 square feet. This leasing activity included a diverse array of new contracts and strategic extensions with nationally recognized retailers, showcasing the robustness of the necessity-based retail sector.
Key lease transactions have involved several major retailers, such as Walmart, Burlington, Marshalls, Dollar Tree, Pet Supplies Plus, and Dick's Sporting Goods. These leases span critical centers across multiple states, including Pennsylvania, Alabama, Maryland, and Ohio.
Sam Collier, FNRP's Chief Revenue Officer, stated, “Necessity-based retail remains one of the most sought-after asset classes among national retailers. Tenant demand continues to exceed historical norms, and our leasing team combines market insight with strong relationships to secure high-quality tenants and drive long-term value across the portfolio.”
Throughout the first half of 2025, FNRP successfully executed $28.4 million in acquisitions. Notably, $22.7 million of that figure was recorded in Q2. Alongside acquisitions, the firm also disposed of $17.3 million worth of assets during this period, aligning with its ongoing portfolio management strategy. The acquisitions specifically targeted high-traffic, grocery-anchored centers in growth markets, focusing on off-market opportunities that comply with long-term leasing and value-creation strategies. FNRP's new assets included Florissant Marketplace in Missouri, anchored by Schnucks; Winslow Plaza in New Jersey, shadow-anchored by ShopRite; and Country Club Centre in Alabama, anchored by Winn-Dixie. Each of these acquisitions aligns with the firm’s core thesis regarding necessity-based retail and positions its partners to benefit from stable income and additional growth potential through leasing improvements.
Michael Hazinski, Chief Investment Officer at FNRP, expressed satisfaction with this year's accomplishments and the robust deal pipeline heading into Q3. He emphasized the emerging stability in interest rates, which, combined with FNRP’s reliability as a counterpart, has created new deal opportunities. The firm remains selective, concentrating on acquiring assets that meet its rigorous underwriting criteria.
In addition to acquisitions, FNRP completed a significant refinancing deal in Q2 for Brandywine Crossing located in the Washington, D.C. metro area. This new financing, provided by New York Life Insurance and Annuity Corporation, enhances financial flexibility and supports future leasing initiatives, as well as enabling notable distributions to investors. This refinancing represents one of the year’s major financing events in FNRP’s portfolio and marks the initiation of a partnership with a leading institutional lender.
Jared Feldman, Executive Chairman at FNRP, commented, “The first half of 2025 was about execution, staying disciplined, finding quality opportunities and performing across the board. We're entering the second half with strong momentum and a focused strategy. Our team knows how to operate at scale, and we're committed to driving long-term value for our investors.”
With robust results in leasing, acquisitions, and capital markets, FNRP is committed to disciplined growth and consistent operational execution. The firm leverages its vertically integrated platform to identify lucrative opportunities while adding value at every asset level, ensuring long-term success for its investors. With an active pipeline of potential acquisitions underway, FNRP is well-positioned to maintain its momentum in the upcoming quarters.
About First National Realty Partners
First National Realty Partners (FNRP) provides accredited investors with access to high-caliber commercial real estate, primarily in the necessity-based retail sector throughout the United States. Overseeing the entire investment lifecycle from acquisition to disposition, FNRP employs a vertically integrated approach that maximizes value for its investors. With a blend of top-tier in-house expertise in various key areas, FNRP aims to sustain and enhance investor returns. For further details, visit the company's website at www.fnrpusa.com.
Topics General Business）
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