Ram Expands Southeast Footprint with $200 Million Grocery-Anchored Retail Portfolio Acquisition
- Ram News
- 3 days ago
- 2 min read
PALM BEACH GARDENS, FL—July 9, 2025—Ram Realty Advisors (“Ram”) today announced a key milestone for its dedicated grocery-anchored retail platform with a ~600,000-square-foot portfolio of seven grocery-anchored shopping centers across the Southeast U.S. The $200 million investment included a combination of acquisitions and partnership contributions. The effort is led by Brian Maloney, who rejoined Ram as a Principal in December 2024 after serving as Vice President of Real Estate for Whole Foods Market.
“This investment reinforces our strategic focus on essential retail in high-demand Southeast markets,” said Brian Maloney, Principal at Ram. “We believe grocery-anchored retail continues to benefit from attractive sector fundamentals driven by strong tenant demand and limited new supply.”
The assets are in high-barrier-to-entry submarkets with strong demographics, anchored by top-performing grocers including Whole Foods Market, Sprouts Farmers Market, The Fresh Market, and Harris Teeter. The immediate trade areas have household incomes averaging $131,000, with growing populations and employment.
The portfolio is 98.7% occupied and includes the following properties:
· Mainstreet at Midtown – Palm Beach Gardens, FL (The Fresh Market)
· Homestead Market – Durham, NC (Sprouts Farmers Market)
· Bull City Market – Durham, NC (Whole Foods)
· Holly Springs Crossing – Holly Springs, NC (Lowe’s Foods)
· Mainstreet Village – Hilton Head Island, SC (Harris Teeter)
· The Market at Mills Park – Orlando, FL (The Fresh Market)
· Blys – Oakland Park, FL (Sprouts Farmers Market)
The transaction was led by Ram’s Senior Vice President, Ashley Saulpaugh. “The portfolio reflects our conviction in the long-term strength of grocery-anchored retail. We identified several additional targets and intend to create a highly curated portfolio of strong locations,” said Saulpaugh.
The off-market transaction underscores Ram’s ability to source institutional-quality assets through long-standing relationships and builds on the firm’s established Southeast footprint.
“We made our first retail investment in Florida nearly 30 years ago. This portfolio acquisition reflects a renewed commitment to expanding our retail presence throughout the Southeast,” said Casey Cummings, Chief Executive Officer at Ram.
ABOUT RAM
Ram Realty Advisors LLC acquires and develops retail, multifamily, and mixed-use properties in select high-growth markets throughout the Southeast. The investments are capitalized by Ram-sponsored discretionary private equity funds and institutional co-investment vehicles. Since 1996, Ram has deployed in excess of $5 billion of capital. Ram and its predecessor entities were founded in 1978. The Company has offices in Palm Beach Gardens, Tampa, Charlotte, Chapel Hill, and Nashville.
MEDIA CONTACTS
On behalf of Ram Realty Advisors:
Cristin Curcio
Ram Realty Advisors
office: 561.630.6110