First National Realty Partners Surpasses Leasing Goals and Prepares for 2025 Growth

First National Realty Partners' 2024 Success Story

First National Realty Partners (FNRP), recognized as a premier private equity commercial real estate firm, finished 2024 on a high note, exceeding its leasing targets and expanding its portfolio. The firm demonstrated resilience and adaptability in a challenging market by implementing its robust investment strategy, which yielded significant results throughout the year.

In the year 2024, FNRP successfully signed 76 new leases, encompassing over 487,000 square feet. This achievement not only surpassed their original goals but also illustrated a strong demand in the necessity-based retail sector. Noteworthy lease agreements included partnerships with notable retailers such as Crunch Fitness at Waldorf Marketplace, Burlington Coat Factory at Brandywine Crossing, and Ross Dress for Less at McAlpin Square. Fred Battisti, Chief Revenue Officer at FNRP, attributed this success to the team’s expertise in navigating the complex landscape of commercial real estate. He noted, "Grocery-anchored and open-air centers have benefitted from low vacancy rates and steady demand, placing us in a favorable position as we approach 2025."

FNRP also expanded its geographic footprint through strategic acquisitions worth approximately $95.3 million. This expansion included properties such as Elements Horsham in Pennsylvania, Sumter Square in South Carolina, Horizon Village in Arizona, Townes Crossing in Illinois, Fountain Hills Plaza in Arizona, Waretown Town Center in New Jersey, and Freeway Crossing in North Carolina. According to Michael Hazinski, the Chief Investment Officer at FNRP, the firm possesses a proven strategy for identifying quality acquisitions and maximizing value across the investment timeline. He stated, "Our past successes in a competitive landscape will inform our approach as we move into 2025."

FNRP’s achievements were further recognized by various industry accolades, including GlobeSt.'s Retail Influencer award and Commercial Property Executive's recognition as one of the Top Commercial Real Estate Owners. The firm also earned the prestigious Accredited Management Organization® (AMO®) accreditation from the Institute of Real Estate Management (IREM), underlining its commitment to excellence and operational integrity.

Looking ahead, FNRP is set to capitalize on shifting market trends, with several new acquisitions expected to close in the first quarter of 2025. Holding a diverse portfolio spanning 12.5 million square feet, the firm remains focused on providing its accredited investors with access to top-tier, institutional-quality commercial real estate. Andrew DeNardo, President and Head of Investor Relations at FNRP, remarked, "Our robust growth in 2024 underlines the strength of our platform and the effectiveness of our strategy. As we enter 2025, we are poised to drive long-term value through disciplined acquisitions and strategic leasing efforts."

In summary, the achievements of First National Realty Partners in 2024 have set a solid groundwork for even greater success in the coming year. With a clear focus on necessity-based retail and a proven approach to acquisition and management, the firm is well-equipped to navigate the evolving landscape of commercial real estate. For further insight and information about FNRP and its investment strategy, visit www.fnrpusa.com.