Merlone Geier Partners and our predecessor entity, M&H Realty Partners, have acquired 146 properties since our inception in 1993. We have successfully completed the improvement, stabilization and disposition of 56 of those properties.
We have typically invested in neighborhood and community shopping centers in need of lease-up and/or repositioning or redevelopment. In some cases we have acquired non-dominant, functionally obsolete regional malls in need of redevelopment as well as surplus real estate being disposed of by retailers. We have added value in a variety of ways including lease-up of vacant space, renegotiation and extension of existing tenant leases, remerchandising, upgrading design and layout and/or physical redevelopment. In some cases we have increased density and maximized long-term value through the addition of residential and other land uses.