Acquisition Criteria

Our Goals

US Properties Group acquires value-add anchored community centers in growing mid to small markets. Our ability to UPCYCLE real estate has created a portfolio which now includes more than 4 million square feet in key growth markets across the country.

  • “Renovating Real Estate… Revitalizing Communities.”
  • Focused on “up-cycling”
  • Currently in 10 States
  • Ground up and redevelopment opportunities
  • Acquisitions of over 750,000 SF / $ 75 million of retail per annum.

What We Buy:

  • Community, Regional and Lifestyle Centers
  • Minimum of 135,000 SF or 15 acres
  • $ 2.5 million to $ 500 million
  • All cash at closing
  • Primary, Secondary and infill markets preferred, trade areas of 60,000+ within 5 miles
  • Midwest, Southeast geographic areas
  • Greater than $50,000 household income in a three mile radius
  • Vacancy of at least 20% and/or 5 to 20 acres immediately developable land

What We’ve Acquired

Originally, US Properties Group acquired a substantial portfolio of community shopping centers from Glimcher REIT.

USPG purchased two centers in December 2013 Cox Creek Shopping Center in Florence, AL and Suwanee Crossroads in Suwanee, GA each with tenants that include national and regional businesses. We acquired and disposed of over one million square feet in 2012 and 2013.

USPG added 500,000 SF or retail space to USPG’s portfolio in 2014-2016. Acquisitions in MI and PA increased our footprint to 10 States. USPG acquired a vacant K-Mart re-development opportunity in MI, a 300,000 SF premier lifestyle center in PA with tenants including DSW, Victoria’s Secret, J. Crew, Carter’s, and White House Black Market. A number of NNN tenant leases were disposed of in 2014 including LA Fitness in Atlanta, Kohl’s at Minot Plaza in Minot, ND and Lowe’s at Mill Run Square in Hilliard, OH in 2015. Crossing Meadows in Onalaska, WI and River Valley Plaza in Lancaster, OH were sold in January 2016. In March 2016 USPG added The Streets of Indian Lake in Hendersonville, TN to our portfolio. In April 2016 Hobby Lobby at Minot Plaza was sold and in May 2016 TGI Friday was sold at Shoppes at Morrow Station in Morrow, GA. The balance of Minot Plaza was sold from our portfolio in June 2016. Regal Cinema was sold at Streets of Indian Lake in July 2016 and Arby’s at Bechtle Crossing in 2016. In May 2018 Mill Run Square, Hilliard, OH was sold to Equity, LLC. In June 2018 the Red Robin parcel was sold at Streets of Indian Lake. In August 2018, the Buffalo Wild Wings parcel was sold at Streets of Indian Lake, Hendersonville, TN. In November 2018 the Olive Garden parcel was sold at Bechtle Crossing in Springfield, OH and the Long Horn Steak House was sold at Shoppes at Montage, Moosic, PA.

USPG currently has tenant relationships with Dick’s Sporting Goods / Field & Stream, Best Buy, Ashley’s Furniture, Kohl’s, PetSmart, Marshalls, TJ Maxx, Hobby Lobby, Big Lots, Belk Department Stores, Five Below, Maurice’s, Conn’s Essex Bargain, Petland, Dollar Tree, Limited Brands, DSW, and Wal-Mart.

With the ongoing success of our leasing and property management teams and new construction projects in 2018/2019– we look forward to additions to the USPG portfolio and assets into the future.

To set up meetings contact: Gord Wiebe at: (403) 923-4343; Email: gwiebe@uspginc.com