Ram Expands Southeast Footprint with $200 Million Grocery-Anchored Retail Portfolio Acquisition
- RELPI
- Jul 9
- 2 min read
PALM BEACH GARDENS, FL—July 9, 2025—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.
ABOUT RAM
Ram Realty Advisors LLC is a sector- and geographic-focused real estate investment manager specializing in multifamily, mixed-use, and grocery-anchored retail in select high-growth markets throughout the Southeast. The investments are capitalized by Ram-sponsored discretionary private equity funds and institutional co-investment vehicles. Since 1996, Ram has deployed in excess of $5.0 billion of capital. Ram and its predecessor entities were founded in 1978. The company is headquartered in Palm Beach Gardens, Florida, and has offices in Tampa, Florida; Charlotte and Chapel Hill, North Carolina; and Nashville, Tennessee.
Comments