Phillips Edison & Company, Inc. (PECO) is a fully integrated real estate investment trust (REIT) with a powerful operational platform. The company focuses primarily on the strategic acquisition, management, and redevelopment of grocery-anchored shopping centers throughout the United States.
Established in 1991, PECO is based in Cincinnati, Ohio, but is active all over the country and has regional offices in Salt Lake City, New York City, and Atlanta. The firm manages a diversified portfolio of more than 300 properties across 32 states, with a total approximate gross leasable area of 32 million square feet.
PECO's insight into the grocery industry and strong connections with retailers allows it to identify potential investments and effectively manage properties for the best possible results. The company’s grocery-centric focus allows it to be resistant to e-commerce pressure, making it a sustainable choice in an evolving market landscape. It also offers third-party property management and strategic leasing services.
PECO is guided by a mission to "treat each property as if it were our own". The company's focus on growing their communities, as well as their tenant relationships, has been their guiding force in achieving consistent tenant satisfaction. PECO’s team is composed of over 300 employees that handle everything from leasing and property management to legal issues and capital improvements.
Some important features of PECO's acquisition strategy are its focus on grocery-anchored shopping centers and its use of a disciplined approach to assess potential properties. It looks for properties in densified, infill locations with well-performing grocers. It also seeks assets with leasing and redevelopment potential.
On the front of enhancement of environmental sustainability, PECO excels at integrating sustainability into their operational strategies. Their commitment to enhancing the environment is demonstrated in numerous ways, such as the deployment of energy-efficient lighting, installation of EV charging stations, and recycling initiatives throughout their shopping centers.
In summary, Phillips Edison & Company, Inc. is widely recognized as a leading player in the real estate industry, with a strong dedication to improving the properties they manage, the communities they serve, and the environment around them. Their unique focus on grocery-anchored shopping centers backed by a strong team and operational platform continues to fuel their growth and success in the industry.