US private equity real estate firm MRP Capital has added $117m (€138m) worth of assets to its shopping centre portfolio.

The St Louis-based manager said its non-listed real estate investment trust, MRP Flyover Real Estate Investment Trust, has bought the portfolio of 27 Walmart-anchored shopping centres.

The properties, located in small towns, total more than 842,000 square feet and are located across nine states.

MRP Capital said MRP Flyover has so far acquired 35 Walmart Shadow Centers, totalling $140m, since its inception early last month.

MRP Capital is the largest owner and operator of Walmart Shadow Centers in small-town America. The manager owns a portfolio of over 100 properties across 26 states worth $350m in total.

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