Wheeler Real Estate Investment Trust
Wheeler Real Estate Investment Trust (WHLR) is a real estate investment trust specializing in grocery-anchored shopping centers across secondary and tertiary markets from Florida to Massachusetts, with a portfolio totaling over eight million square feet.
Services
Wheeler Real Estate Investment Trust (WHLR) aims to increase profitability for its tenants and investors by conducting extensive market analysis and using the latest technology. WHLR offers tenants the convenience and security of paying rent online through RentPayment. The leasing team's focus on necessity, service, and convenience helps create a tenant mix that is current, relevant, and strategic. WHLR is also an all-cash buyer with the capability to take on existing debt, ensuring a smooth and efficient closing process for acquisitions.
Properties
WHLR owns 78 shopping centers across 15 states, encompassing a total of over eight million square feet. Notable properties include Ft. Howard Square in Savannah, which is fully leased to large national tenants such as Harbor Freight Tools, Goodwill, and Bealls Outlet. Another highlighted property, The Village of Martinsville, is a Kroger-anchored center that has been transformed from an enclosed mall to an open-air shopping center. Franklin Village Shopping Center is prominently located near Armstrong County Memorial Hospital, the area's largest employer.
Acquisitions
WHLR expanded its portfolio significantly with the acquisition of Cedar Realty Trust in 2022. This strategic move added 19 new assets and expanded WHLR's presence into three new states, increasing the total square footage of its properties to over eight million. WHLR's property portfolio now includes dominant grocery-anchored community and regional centers, stabilized assets of 50,000 square feet minimum, select value add or reposition opportunities, and non-grocery and grocery shadow-anchored centers.
Corporate Headquarters
WHLR's corporate headquarters is located at 2529 Virginia Beach Blvd, Virginia Beach, VA 23452. From this central location, WHLR coordinates its extensive portfolio of shopping centers and manages its business operations to ensure the goals of increasing profitability for tenants and investors are met.