Curbline Properties Q2 deal volume hits post-spinoff record

Curbline Properties (CURB) acquired 25 convenience shopping centers for $374 million in the second quarter, the highest quarterly volume since the REIT spun off from SITE Centers in December. The company operates a pure-play portfolio of necessity-based retail properties, including grocery-anchored centers and drugstores.

The acquisitions bring the total portfolio to 90 centers across 22 states. Curbline said the purchases reflect its focus on the Sun Belt and Midwest regions. The company did not provide a breakdown of financing for the deals.

The spinoff was completed in late 2024, with SITE retaining a larger, more diversified open-air portfolio. Curbline has since added 38 centers through acquisitions.