Urban Edge Properties

Urban Edge Properties (UE) is a Maryland REIT that owns, manages, acquires, develops, and redevelops retail real estate. The company primarily operates in the Washington, D.C. to Boston corridor. Urban Edge Properties LP (UELP) is a Delaware limited partnership that serves as UE's majority-owned partnership subsidiary and owns, through affiliates, all of the company's real estate and other assets. Urban Edge Properties' portfolio consists of 69 shopping centers, two outlet centers, and two malls. These properties total approximately 17.2 million square feet of gross leasable area. The consolidated occupancy rate for the portfolio is 90.1%. The company focuses on maximizing the value of its existing properties through proactive management, which includes continuous asset evaluation, targeted leasing to desirable credit tenants, and efficient day-to-day operations. A key part of their business plan involves repurposing retail real estate with high-quality retailers, specifically focusing on grocers, discounters, big-box retailers, entertainment offerings, and elevated food offerings.