Ram Expands Southeast Footprint with $200 Million Grocery-Anchored Retail Portfolio Acquisition

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.