Operating with nothing but excellence as its signature, Cedar Realty Trust has a strong relationship with some of the biggest names in the retail industry. The properties owned and managed by the company are comprised of supermarket anchored shopping centers. Their operations started out in Washington, D.C. and slowly expanded to the metropolitan areas of Boston. Today, the properties owned by the company are all over the states of Connecticut, Massachusetts, Virginia, Pennsylvania, Maryland, New Jersey and New York. Cedar Realty Trust employs no more than 150 associates.
The company holds its corporate office in Port Washington, New York. As of December 2014, the properties owned by the company have a total leasable space of 9.4 million square feet. They have about 65 operating properties and the vast majority of these assets are already leased to their trusted tenants.
Currently, they have relationships with more than 890 tenants, who occupy more than 90% of their total leasable space. Their top retail partners and tenants are Dollar Tree and Giant Foods. These companies continue to lease 22 and 13 locations, respectively.
The operation and focus of the company on grocery-anchored community shopping centers are predicated on the idea that people will always need to eat and will continue on purchasing staples in the near future. With this notion, they are able to provide better value to their shareholders, while helping their business partners improve their venture.