American Realty Corporation

American Realty Corporation is a real estate investment trust that invests in properties, malls, and more.

History
It was founded in 1983 as Properties Trust to handle shopping centers that have a Zayre store in it.

In 1985, it was later renamed Zayre Realty Group to build some more shopping centers with a Zayre store, or even its subsidiaries stores.

In June 1988, it opened up Richardstown Commons in Richardstown, North Carolina.

On July 20, 1989, Zayre Realty Group spun off from The TJX Companies Inc., a subsidiary of Zayre Corp. by that time, who became the owner of the REIT company in 1987.

On July 25, 1989, the company was renamed American Properties Group.

In 1991, it sold 5 shopping centers including Richardstown Commons, to The Swain Company.

In 1997, it acquired Center Estate, bring 4 properties to its portfolio.

In October 1999, it sold 2 shopping centers.

In 2000, it sold 4 shopping centers to Estate Corp.

In 2005, it acquired 10 properties from Kramont Realty Trust as Kramont was getting acquired by Australia-based Centro Properties Group.

In 2009, it sold 3 properties to RTLS.

In 2015, it acquired 5 properties from DDR Corp.

In 2018, it purchased 2 Kmart properties in a leaseback transition.

In January 2019, it purchased 5 more Kmart properties during the bankruptcy process of Sears Holdings.

On June 29, 2019, the company announced completion of a rebranding initiative, from which it will refer to itself as American Realty Corporation rather than the former "American Properties Group".