Ramrock Portfolio
Ramrock Real Estate engaged SHOP Management in early 2025 to oversee a rapidly growing retail portfolio spanning approximately 2.98 million square feet across 13 properties and more than 323 tenants. The portfolio includes notable assets such as Preston Center, Sherman Town Center, Fairview Town Center, and Ridgmar Mall, along with additional properties spanning from DFW to Broken Arrow, Oklahoma, and Baton Rouge, Louisiana.
The assignment was the result of a relationship that had been cultivated for more than a decade. Throughout the transition process, SHOP’s integrated platform provided the client with both property management and leasing services under one roof. To support the transition, SHOP expanded its team by seven experienced professionals, including institutional-level portfolio management, property management, accounting, and operational support personnel. Simultaneously, the team implemented Yardi, the industry-standard platform for institutional owners, and introduced additional operational technology and processes to ensure a seamless onboarding experience without missing a beat.
Since taking over the portfolio, SHOP Management has grown from approximately 600,000 square feet under management to more than 3 million additional square feet. The collaboration between SHOP’s management and leasing teams has created measurable value across the portfolio, helping drive occupancy, revenue, and overall property performance.
One example is Fairview Town Center, where the close coordination between leasing and management has helped secure Academy Sports + Outdoors for approximately 65,000 square feet while advancing discussions with another prospect for roughly 55,000 square feet. At Preston Center, SHOP Management is maintaining day-to-day operations while supporting a transformative $500 million redevelopment that will introduce Class AA office, multifamily, and ground-floor retail uses. The relationship continues to expand, with additional opportunities and properties already in the pipeline, reinforcing the long-term value of an integrated management and leasing strategy.
