NEW YORK–(BUSINESS WIRE)–ShopOne Centers REIT Inc. (“ShopOne” or the “Company”), a fully integrated investment, management and operating platform in U.S. grocery-anchored shopping centers, today announced that it has promoted two members of its executive team. Joseph LoParrino, CPA, who has served as Chief Accounting Officer since 2018, is now Chief Financial Officer, while Chris Reed, who has held the position of Executive Vice President of Acquisitions since 2020, is now Chief Investment Officer.
“During their time at ShopOne, both Joseph and Chris have proven themselves as exceptional operators and have been instrumental in the growth and success of our organization. Their promotions are well-deserved and help reinforce the institutional quality of our team and platform,” stated John Roche, Chief Executive Officer of ShopOne. “We look forward to the impact Joseph and Chris will have in their new roles as we continue to build our portfolio and advance our strategy of investing in and owning grocery-anchored neighborhood shopping centers.”
LoParrino possesses a strong understanding of GAAP accounting, SEC compliance internal controls, tax compliance and cash management, having spent almost 30 years working in both the public and private accounting sectors, with a deep focus on real estate. Throughout his distinguished career, he has held leadership positions at AmTrust Realty Corp., Urstadt Biddle Properties, Retail Opportunity Investments Corp. and New Plan Excel Realty Trust, among others.
Reed brings significant experience in acquisitions, development, and capital markets to his new role, having led investment and financing transactions with an aggregate value of more than $1.0 billion over the course of his career. He has a successful track record of originating acquisition opportunities and formulating investment strategies while previously serving in acquisitions and capital markets focused leadership positions at Brixmor Property Group and WP Realty.
LoParrino’s and Reed’s promotions come shortly after experienced public REIT executive Michael Makinen joined the Company as Chief Operating Officer in July.
ShopOne Centers is a fully integrated investment, management and operating platform focused exclusively on designing and executing strategies in U.S. grocery-anchored neighborhood shopping centers through joint venture partnerships with institutional investor clients. The Company’s retail centers are located in established trade areas and are supported by a diverse mix of non-discretionary, value-oriented and grocery retailers. ShopOne is committed to maximizing the value of its portfolio by capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing value-enhancing redevelopment opportunities. To learn more about ShopOne, please visit www.ShopOne.com.