Is FNRP Legit?

FNRP is a private equity firm that focuses on high-return commercial real estate investments, allowing investors to invest in grocery-anchored commercial real estate for a minimum $50,000 investment.

But, with many other real estate inventment platforms out there how do we know if FNRP is legit?

Keep reading below for my deep dive into First National Realty Partners and find out if you can trust them with your hard earned cash.

Is FNRP Legit?

Private equity firm First National Realty Partners (FNRP) invests in high-traffic, grocery-anchored commercial real estate deals.

Investments must meet strict qualification criteria before being considered for FNRP’s portfolio.

This means you’ll only see the best of the best real estate investing options.

With FNRP, you’ll need to invest $50,000 to get started, but this is significantly less than what you’d need to invest in commercial real estate on your own.

Product Name First National Realty Partners (FNRP)ServicesPrivate Equity Commercial Real Estate FirmFees0.5% to 1.5% Annual Asset Management FeeInvestment TypesOpportunity Funds, Individual PropertiesMinimum Investment $50,000

My FNRP Summary

Established in 2015, First National Realty Partners (FNRP) is a commercial property private equity group.By obtaining market-leading and strategically situated commercial assets for a significant discount from replacement value, FNRP is committed to growing its inventory.First National Realty Partners maintains internal control over all facets of the funding, administration, and disposition operations.

Pros & Cons You Can Expect With FNRP

Pros

Investors could profit from an asset class that’s generally stable and offers a great strategy to protect against inflation.FNRP has significant connections to ample food and retail corporations as tenants including retail shopping centers.Investors might get both the entire amount of money and periodic payments.

Cons

FNRP provides benefits only to accredited investors.A minimum of $50,000 is required for investing.

FNRP’S Track Record: Can You Trust Them?

When considering an investment, I always look into the company’s history and performance. First National Realty Partners (FNRP) has established an impressive track record that speaks volumes about its legitimacy and management efficiency.

Since its establishment, FNRP has consistently delivered strong results, with a net internal rate of return (IRR) of 14% for its investors. This solid performance is underscored by over $100 million distributed to investors, illustrating the firm’s profitability and operational success.

Currently, FNRP manages assets totaling over $2 billion, supporting a growing investor base of 2,800 individuals. This expansive management portfolio not only highlights their capability in handling large-scale investments but also reassures potential investors of their expertise in the commercial real estate sector, particularly in grocery-anchored properties.

Wondering where the FNRP properties are located, check out the map below:

What Is First National Realty Partners?

The Private equity company First National Realty Partners offers accredited individuals a platform for engaging in commercial property investing. What separates FNRP from other real estate platforms is this:

First National Realty Partners concentrates on grocery-anchored shops and other vital needs-anchored properties, unlike real estate crowdfunding platforms that focus on multi-family houses, offices, and condos.The FNRP staff oversees every task internally, including purchases, finance, asset administration, and legal procedures.

A rigorous evaluation of the potential to generate cash flow and capital growth for each venture opportunity is performed.  Only one out of every 1,000 properties the firm analyzes is accepted.

FNRP looks to make additions to the building, including new, higher-tier occupants, or establishing lengthy lease agreements with anchor tenants which are all great ways to increase investment value.

You can read my full review of First National Realty Partners (FNRP) here.

Who is Behind FNRP?

Personally, before investing in any service, I like to know a bit about who started the company. First National Realty Partners (FNRP), headquartered in Red Bank, New Jersey, was co-founded by Anthony Grosso and Christopher Palermo in 2015.

The company, under the strategic guidance of these founders along with Jared Feldman as Chief Investment Officer, has flourished. Feldman, before joining FNRP, had effectively deployed over $100 million in equity capital.

The leadership expanded in 2022 with Andrew DeNardo elevating from Managing Principal to CEO, and Bill Comeau joining as CFO.

Comeau, a seasoned financial expert with over 20 years in the sector, previously tenured at DLC Management, oversees FNRP’s financial strategies and operations. He holds a master’s from Manhattan College and a bachelor’s from Baruch College, is a certified public accountant in New York, and has taught as an adjunct professor at New York University.

What Does FNRP Offer?

The high-quality, upscale real estate that FNRP invests in enables investors to lower investment risk. To choose investment possibilities that meet the firm’s standards, FNRP uses its contacts with significant national brand linkages.

Due to expansion or renovation, these assets have better yields and are backed by significant, well-known merchants like:

KrogerWal-MartWhole Foods.

Additionally, FNRP provides an Opportunity Fund.

Click Here for a complete list of well known national brands, that are tenants of First National Realty Partners properties.

For $50,000, investors can purchase a fixed stake in one of First National Realty Partners’ products.

By utilizing alternative assets and increasing their positive cash flow, FNRP aims to help accredited clients to diversify their portfolios.

What Returns Can You Expect With FNRP?

Currently, FNRP has around 1,873 investors and owns 50 properties worth a total of $1.25 billion. FNRP aims to provide investors with 12-18% returns per year and average yearly cash payouts of 6–9%.

Additionally, when the investment is sold or restructured, there may be extra gain on equity deals. Like other real estate firms, rental income (delivered quarterly) will also provide significant passive income to investors.

I can see that FNRP’s outcomes thus far have been outstanding, even with a relatively low number of assets.

To see the track record of specific properties in the FNRP portfolio, Click Here to navigate to their website.

FNRP Reviews You Should Read

FNRP has received many favorable ratings on Better Business Bureau (BBB), one of the world’s most extensive review sites. Some of them are listed below:

“The staff is great at communication and they pay distributions right on time. Excellent at choosing where to invest as well.” -David P

“I signed multiple deals with FNRP and am impressed with the overall org structure, detailed offering memorandum, and access to a direct account manager to talk about any general or specific question, who responds very professionally. I also have many other investments outside FNRP just to compare the overall performance, return, and level of service and so far very impressed with this vertically integrated organization.” -Manoj T

“I like dealing with FNRP as they are easy to communicate with. The platform has plenty of information on each deal, and they are always a phone call away. Updates are issued regularly as well as new leases when obtained on their properties. I might add that each deal is a limited partnership and they had their K-1 available before tax returns were due. Very professionally run and easy to deal with. FNRP is definitely NOT a scam.”John M

Is FNRP Legit? My Verdict

After this deep dive into FNRP, I conclude that it is legit. If you’re an accredited investor, the $50,000 required to begin investing with FNRP is absolutely worth it.

They focus on high quilty safe commercial investments which means your money is relatively safe.

Get Started Today!

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