ShopOne Centers REIT Inc., a private real estate investment trust that invests in grocery-anchored shopping centers, has hired Chris Reed as executive vice president of acquisitions. Reed, who previously served as vice president of acquisitions and development for Brixmor, will begin his new position on August 1, 2020.
At Brixmor, Reed was responsible for overseeing the acquisition and disposition investment platform in the Northeast and Mid-Atlantic, including identifying and qualifying target markets, formulating investment strategies, and leading the underwriting and due diligence process for prospective acquisitions.
In his time at Brixmor, the company claims that he has led more than 35 investment transactions with a total value of more than $650 million. Prior to Brixmor, he served as director of capital transactions at WP Realty, where he was responsible for sourcing, underwriting and financing prospective acquisitions, as well as evaluating and completing debt and equity transactions for a retail portfolio totaling nearly 8 million square feet.
“We are very pleased to have Chris join our team, especially at a point in time where we believe there will be significant opportunities to acquire assets at substantial discounts due to the dislocation and illiquidity in the current environment,” said John Roche, chief executive officer and chief financial officer of ShopOne. “Chris has inherent familiarity of and cultivated strong relationships throughout the Northeast and Mid-Atlantic regions, and we look forward to leveraging his knowledge and connections as we actively look to grow our portfolio.”
Reed is a graduate of Temple University, where he received a BBA in finance, and Villanova University, where he earned his MBA, with concentrations in real estate and finance.
He is actively involved with the DiLella Center for Real Estate at Villanova University and is a frequent guest speaker for undergraduate- and graduate-level classes focused on real estate investment and redevelopment. Reed is also a member of the International Council of Shopping Centers.
ShopOne Centers REIT is an owner, operator and manager of grocery-anchored shopping centers. The company’s retail centers are located in established trade areas and include a mix of non-discretionary, value-oriented and grocery retailers.