Urban Edge Properties - Maywood, NJ
25 E Spring Valley Ave Suite 300 Maywood, NJ 07607 (201) 571-3500
Urban Edge Properties is a retail-focused real estate investment trust traded on the New York Stock Exchange under ticker symbol UE. Founded in 2015, the company owns and operates shopping centers in densely populated markets along the Washington, D.C. to Boston corridor. The REIT's portfolio consists of 74 properties totaling 17.3 million square feet of gross leasable area, with 80% of its portfolio grocery-anchored. The company maintains a 3-mile median household income of $95,000 and 3-mile population density of 200,000 across its portfolio. Properties are located in New Jersey, New York, Maryland, Virginia, Connecticut, Pennsylvania, Massachusetts, New Hampshire, South Carolina, and Puerto Rico. The company pursues a value-add strategy through strategic leasing, redevelopment, and selective acquisitions, focusing on properties with below-market rents and upside potential. Urban Edge targets necessity and value-driven retail including grocery-anchored centers, neighborhood centers, community centers, and power centers in infill locations with high barriers to entry. The portfolio features national retailers and grocers including Trader Joe's, Safeway, Marshalls, TJ Maxx, HomeGoods, LA Fitness, Chick-fil-A, Starbucks, and Chipotle. With 90% of portfolio NOI generated from properties along the D.C. to Boston corridor, the REIT concentrates on supply-constrained submarkets in the Northeast. The company maintains an active redevelopment pipeline targeting underperforming spaces and anchor repositioning opportunities. Recent acquisitions include The Village at Bridgewater Commons in New Jersey and Brighton Mills Shopping Center in Boston, both acquired through tax-advantaged 1031 exchanges. The REIT employs 104 people and maintains headquarters in New York City.
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