First National Realty Partners

First National Realty Partners (FNRP) is a Red Bank, New Jersey-based commercial real estate private equity firm founded in 2015. The platform focuses exclusively on necessity-based commercial retail properties — meaning grocery-anchored shopping centers, drug stores, and community essential retail — which historically hold up better during economic downturns than discretionary retail or office properties. As of late 2024, FNRP has acquired $2+ billion in assets across a portfolio of 50+ properties and has served over 2,200 accredited investor LPs.

The platform operates on a deal-by-deal basis rather than through pooled funds, which means investors can evaluate each opportunity individually and allocate capital only to deals that fit their portfolio strategy. Minimum investment is $50,000 per deal, and hold periods typically range from 3 to 7 years with targeted annualized returns in the 12%–18% range (combining cash distributions of 6%–8% plus equity appreciation at exit). FNRP handles all operational aspects — acquisition, property management, leasing, and eventual disposition — and charges standard real estate private equity fees: typically a 1% acquisition fee, a 1%–2% annual asset management fee, and a 20% performance fee above an 8% preferred return hurdle.