Strong Same-Property NOI Growth
Same property NOI grew approximately 6% year-over-year for the first half of 2025, with an increase to 4.8% for the second quarter specifically.
Record Leased Occupancy
Leased Occupancy reached 97.3%, with Small Shop Occupancy hitting a new high of 93.8%.
Successful Sale of California Portfolio
Completed the sale of a 5-property California portfolio for approximately $306 million, highlighting strong institutional interest.
Acquisition in High-Growth Markets
Closed on 6 properties totaling approximately $230 million, with 2 more under contract representing nearly $126 million in value, focusing on high-growth Sunbelt markets.
Strong Leasing Performance
Executed 73 leases for approximately 304,000 square feet with a blended leasing spread of 16.4%, and a retention rate of 91%.