NEW YORK ( TheStreet) -- Last week I told you about a diamond in the rough named Retail Opportunity Investment (ROIC - Get Report). This REIT and owner of around 45 shopping centers has built a strategic platform of investing in high-quality retail properties in southern and northern California, Portland, and Seattle.With a value proposition centered around necessity branded tenants, ROIC has grown by leasing space many leading national chains including Safeway (SWY), Kroger (KR), Albertson's, PetSmart (PETM), and JPMorgan Chase (JPM).
In addition, ROIC's differentiated model focuses on acquiring properties from distressed or under-capitalized shopping center owners. This focused strategy has enabled the company to capitalize on its extensive network of relationships with retailers, brokers, institutional owners, banks, private owners, and other real estate operators.
Recently I was in New York City and I had an opportunity to meet with ROIC's Stuart Tanz at TheStreet. Tanz provided some insightful news on how this REIT is making waves. At the time of publication the author had no position in any of the stocks mentioned. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage. Follow @swan_investor This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.