Origination Date: August 2018
Country/Market: US
Asset Type: Platform Recapitalization & Programmatic Acquisition Strategy
Urban Retail Properties, LLC, is a privately held commercial real estate investment and operating company headquartered in Boca Raton, Florida. Formed over 40 years ago, Urban is a national leader in the third party management of retail properties, including regional malls, power centers, community centers and big box portfolios. Urban has five regional offices throughout the United States and has worked closely with more than 100 clients over the years, including pension funds, individual owners, insurance companies, special servicers,and institutional owners of mixed-use, retail and office asset classes. Urban currently manages 23 retail properties in 9 states, comprising over 16 million square feet.
Forum completed a strategic investment into Urban in 2018. Forum has helped Urban launch a strategic initiative to redevelop and reposition regional malls that are no longer fit for purpose, taking direct stakes and management contracts over two large assets in the metro Atlanta and metro Miami-Dade markets.