Introduction

Using an entrepreneurial approach, RRT seeks to acquire grocery-anchored neighborhood and community shopping centers in high-barrier to entry, quality secondary and suburban markets to create value through strategic leasing and management. Our tenant relationships are critical to our success and we focus on creating and strengthening the relationship from the store manager, to the owner, to the real estate director. Strengthening communities and the citizens they serve are at the forefront of our philosophy.

"We understand the importance of the sense of community that shopping centers provide. It is always a core focus that we celebrate the success of our tenants and that we maintain strong relationships by sending anniversary cards, attend grand openings, and visit the centers often so that our property managers become known on a first name basis . We take pride in joining the chambers where we do business so that we can do our part to contribute to the success of the town or city."
– Jon Wheeler
CEO, Resurgent Realty Trust

Success to Date

  • 50+ years of combined experience in commercial real estate
  • Our team has an acquisition history with prior companies totaling $1.2 billion in asset value over 120 properties totaling 12 million square feet
  • Management experience in public capital markets

Objection

RRT believes that the valuation of grocery-anchored real estate assets has been overshadowed by the broader negative investor sentiment within the retail real estate sector due to the increased popularity of online retail and disruption of revenues for brick-and-mortar storefronts. We believe that grocery-anchored shopping centers have the advantage of maintaining consumer draw and the complimentary co-tenants provide necessity-based services, which are mainly e-commerce resistant (e.g., nail salons, dry cleaners, restaurants).

A demonstration of the type of asset and tenants of the assets that RRT plans to acquire.

Solution

Due to the rapid rise in interest rates, we believe we have a generational opportunity to acquire true core secondary retail assets at historically low pricing and high cap rates.

RRT seeks to capitalize upon the current industry disruption as grocers adapt to new consumer habits to elevate experiential shopping and implement convenience features such as online ordering and home delivery. By strategically purchasing retail centers, the Company believes it can capture this increased valuation over the investment horizon.

By acquiring a portfolio of undervalued commercial properties in our target markets and implementing strategic leasing and asset management, leveraging long-standing grocer and other retail tenant relationships, followed by a limited holding period, the exit strategy is to sell into a rising real estate market.

Business Model

RRT believes that the valuation of grocery-anchored real estate assets has been overshadowed by the broader negative investor sentiment within the retail real estate sector due to the increased popularity of online retail and disruption of revenues for brick-and-mortar storefronts.

Resurgent Opportunistic Investment Strategy

  • 5-7 year hold period maximizing deprecation and protecting taxable cashflow
  • Proven financing model based on ability to adjust cap rate purchase price and secure favorable debt financing
  • Post-closing proactive and strategic management plan implementation to increase bottom line and grow overall profitability through reduced expenses and leasing & development initiatives

Why Grocery?

We believe that grocery-anchored shopping centers have the advantage of maintaining consumer draw and the complementary co-tenants provide necessity-based services & cross-shopping, which are mainly e-commerce resistant (e.g., nail salons, dry cleaners, restaurants).

  • RRT seeks to capitalize upon the current industry disruption as grocers adapt to new consumer habits to elevate experiential shopping and implement convenience features such as online ordering and home delivery.
  • By strategically purchasing retail centers, the Company believes it can capture this increased valuation over the investment horizon.

We intend to acquire a portfolio of undervalued commercial properties in our target markets and implement strategic leasing and asset management practices, while leveraging long-standing grocer and other retail tenant relationships. Following a limited holding period, the exit strategy is to sell into a rising real estate market.

Market

The market size, measured by revenue, of the Supermarkets & Grocery Stores industry was $841.6bn in 2023.
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Team

Jon Wheeler
Chief Executive Officer
More than 40 years of experience in acquisitions, financings, dispositions, development, leasing and management of retail and office properties.

In 2012, Jon founded Wheeler Real Estate Investment Trust (NASDAQ:WHLR), a publicly -traded REIT, where he served as Chairman, President and Chief Executive Officer.

In 1999, Jon was the co-founder of Perrine & Wheeler, the predecessor entity to WHLR.

Over the last 20 years, Jon has overseen 120 acquisitions totaling $1.2Bn and 12M square feet. Jon has an extensive background with managing grocery-anchored retail assets, deep relationships with national retailers, and has managed thousands of leasing transactions.

Jon has been an active member of the International Council of Shopping Centers (ICSC). Jon received his Bachelor of Science from Southern Methodist University
Laura Nguyen
Chief Operating Officer
Experienced CRE executive with over 15 years experience in operations, development, and capital markets.

Founder of Artemis Capital, a Virginia Beach based advisor providing leasing, asset management, construction management, and property management services to commercial real estate owners.

Served as the corporate secretary and director of investor relations for Wheeler Real Estate Investment Trust (NASDAQ:WHLR) where she was an integral part of the senior management team.

Prior to joining WHLR, Laura held key roles with Gold Key PHR Hotels and Resorts, a hotel/timeshare developer and operator, where she was instrumental in developing a long-term strategic plan that facilitated the company’s exponential growth.

Laura served as the 2022 and 2023 President for CREW (Commercial Real Estate for Women) Network’s Coastal Virginia Chapter and is a 2022 CIVIC Leadership Institute graduate. Laura earned her Bachelor of Science in Mass Communications from Old Dominion University

Investor Invitation

  • Seasoned management team with over 50 years of combined experience in CRE, and specifically, in the retail asset class.
  • 5-7 year hold period maximizing depreciation via cost segregation studies and protecting taxable cashflow.
  • Proven financing model based on ability to adjust cap rate purchase price and secure favorable debt financing.
  • Post-closing proactive and strategic management plan implementation to increase bottom line and potentially grow overall profitability through reduced expenses and leasing & development initiatives.

Use of Proceeds


If the offering's maximum amount of $1,200,000 is raised:

UseValue% of Proceeds
Management Compensation$480,00040.0%
G&A$181,20015.1%
Legal$120,00010.0%
Escrow Deposits$240,00020.0%
3rd Party Due Diligence $120,00010.0%
Intermediary fees$58,8004.9%

Terms

This is an offering of Common Stock, under registration exemption 4(a)(6), in Resurgent, Inc., doing business as RRT. This offering must raise at least $10,000 by June 28, 2024 at 11:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. RRT may issue additional securities to raise up to $1,200,000, the offering’s maximum.

If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:

2,400,000 shares
×
$5 per share
$12,000,000implied valuation

Financials

RRT’s official name is Resurgent, Inc., so that’s the name that appears in the statements below.

These financial statements have been reviewed by an independent Certified Public Accountant.

SEC Filings

The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.

We’re also required to share links to each of the SEC filings related to this offering with investors.

Understand the Risks

Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.

Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.

The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

More Info

Updates

  • May 21, 2024
    Three Types of Businesses Largely Drive Retail...

    Three Types of Businesses Largely Drive Retail Demand Resurgence. Quick Service Restaurants, Discounters and Sports and Hobby Retailers Increase Leasing Activity. The ‘Big Five’ of food services, discount, fitness, grocery and healthcare accounted for nearly 60% of new leasing activity during the year.

    Invest with Resurgent Realty Trust to capture the retail resurgence
  • Apr 25, 2024
    Primary offering of 240,000 shares at $5
  • Apr 25, 2024

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