MEDIPOWER EXPANDS EAST COAST FOOTPRINT WITH ACQUISITION OF 7 DOMINANT GROCERY-ANCHORED SHOPPING CENTERS

Medipower, a leading retail real estate investment firm, is pleased to announce the acquisition of a 560,000 square-foot portfolio comprising seven dominant, grocery anchored shopping centers. Spanning premier markets along the U.S. East Coast, this acquisition reinforces Medipower’s core strategy of investing in high-performing, necessity-based retail assets.

The portfolio is currently 99% occupied and anchored by industry leaders including Publix, Kroger, and Stop & Shop. Strategically situated in high-barrier-to-entry neighborhoods, the assets boast an average three-mile household income of $115,000.

The acquisition provides immediate scale in some of the nation's most resilient markets; four assets are located within the Atlanta MSA, one of the fastest-growing regions in the U.S., with additional strong locations in Myrtle Beach SC, Virginia Beach VA and Lyndhurst NJ.

Ron Stern, CEO: "We are pleased to announce the acquisition of seven dominant grocery-anchored shopping centers, an exceptional portfolio that aligns seamlessly with our strategy of investing in high barrier to entry neighborhoods within dominant markets. Anchored by market leaders, these assets deliver immediate scale across the Southeast and mark an important milestone in our long-term growth plan"

Hila Erez Cohen, CFO: "“This acquisition further strengthens our portfolio and highlights the strength of our sourcing capabilities and execution discipline. With 13 acquisitions completed year-to-date in 2026, we are well-positioned to drive continued growth with a strong pipeline ahead.”