MRP is an owner and operator of institutional real estate, focusing primarily on retail and mixed-use real estate, providing best-in-class underwriting, market analysis & void analytics, acquisition, development, repositioning, construction management, leasing, property management, and financial reporting, as well as complex debt and equity restructuring services.


MRP combines the size, strength and closing power of its member companies, with the responsiveness of a private firm. Members include Protective Life Insurance Company, a leading provider of life insurance and annuity products with $70.5 billion of assets.


Our deep knowledge spans across a full spectrum of investment strategies that include green field development, opportunistic acquisitions, and repositioning plays. We custom tailor every investment to deliver superior ROI’s for our retailers and members.


Our management team has a long history of experience, led by a senior executive team that has held key positions with several of the nation’s top performing REIT’s and private development firms. Our team has developed over 20 million square feet of assets worth $4 billion in Texas and the Southeast and Mid-Atlantic states.


Over the years, we have had the privilege of working with some of the most revered retailers in America. In fact, MRP’s principals achieved a “Grand Slam” with Target as the only developer in Target’s history to score Perfect Tens on four 500,000 SF developments – a feat no other firm has been able to repeat.



        •  Properly Positioned Assets With Unrealized Potential

        •  Underperforming Assets With Operational And Leasing Upside

        •  Investments Yielding A Current Return With A Profit Kicker Opportunity



With over 100 years of collective experience working in both the public and private real estate capital markets, the MRP management team stands ready to put their expertise to work to create custom-tailored solutions that benefit each partner, tenant and community.


In his over 24 years of retail acquisition and development experience, Bill has commanded full responsibility for developing 3.7 million square feet of mixed-use, open-air, grocery, big box and apartment assets. Previously serving as Executive Vice President of Colonial Properties Trust, a $6 billion publicly-traded REIT, he managed six regional offices and 168 employees. While at Colonial, Bill transformed the REIT’s retail division from enclosed mall to a merchant build retail development platform. His developments have earned several awards for design and functionality from the Council of Shopping Centers, won numerous “Best of” Awards from the Birmingham Business Journal and been awarded The Grand Slam from Target Corporation for the perfect execution of four major shopping center deployments in Tennessee and Alabama.   Bill is a graduate of Washington & Lee University and the University of Alabama Law School where he earned a Master of Laws in Taxation (L.L.M.).   Philip Moore, CPM, RPA, Portfolio Director. Philip joins our Company with more than 15 years’ experience in institutional asset management, commercial development, and horizontal design and construction. His depth of experience spans all commercial sectors including mixed-use, urban and historical development, class A medical office, and 100+ acre campus developments inclusive of multitenant office, hospitality, industrial, and apartments. Previously Philip worked for some of the southeast’s Best in Class development firms including Daniel Corporation and Bayer Properties. He received a Bachelor of Science degree in Civil Engineering from Virginia military Institute, in Lexington Virginia, and was honorably discharged from the US Marine Corps, having achieved the ranking of Major. He is a Certified Property Manager (CPM) and Registered Property Administrator (RPA) and currently serves on the Board of Directors of BOMA. Amy Garrett, Finance Director, attended University of Georgia on an academic ROTC scholarship. Amy started her career in the title insurance business and quickly migrated to accounting and finance. For eight (8) years, Amy worked for Colonial Properties Trust (CLP), a diversified $6 billion REIT, that was merged with Mid-America Apartments Communities. Amy was a property accountant in the Retail Division, a $2 billion organization within CLP, and rose to the ranks of regional property manager. Amy oversaw a portfolio spanning 4 million square feet and had many Wall-Street-sponsored joint venture partners as clients (DRA Advisors, Prudential, Och-Ziff). She is familiar with enclosed malls, open air fashion, mixed use and community big-box centers. Her final stint at CLP involved the disposition of over $2 billion of retail and mixed-use assets to private-equity sponsored opportunity funds. Amy is responsible for the investment strategy, market strategy and underwriting the return profiles of targeted investments. Kevin Leedy, Development Director, attended Furman University, where he studied Business Finance and co-founded the University’s first rugby team. Kevin started his career in sourcing sites and subsequently building private utilities in the storm water and sewer sectors for a large private equity firm. Then, Kevin joined Hoar Construction, one of the nation’s most active general contractors, wherein Kevin quickly rose to the ranks of project manager for the Company’s healthcare and medical construction activities. Kevin delivered his projects on time and within schedule. Kevin has been involved in $770,000,000 in vertical construction activity in top-tier and secondary markets. Kevin oversees the development management activities of the Company involving the entitlement, permitting, design, and construction of targeted investments. Cynthia Essary, Accounting Director, attended the University of Tennessee, where she graduated with a Masters of Business Administration (MBA) and B.S.B.A. in Accounting. Cynthia started her career in real estate with the Carlyle Group in Washington D.C., which subsequently led to Lasalle Investment Management in Chicago. After Lasalle, she moved to Birmingham, Alabama, wherein she worked for Dominion Partners, LLC, a large regional senior living firm, and TIME, Inc. as Finance Manager. Cynthia oversees the finance, accounting, and reporting aspects of the Company. William Leitner III Managing Partner – Merchants Retail Partners Philip Moore Portfolio Director Amy Garrett Finance Director Kevin Leedy Development Director Cynthia Essary Accounting Director




At MRP, we believe in supporting the communities that support us so passionately. We call it the MRP Purpose and it is our promise to help promote prosperity and enhance lifestyles throughout the communities in which we reside. We don’t do it to promote ourselves. We do it to promote prosperity.


Since 2009, MRP has contributed and/or raised $3,400,000 for charitable organizations.




ORGANIZATIONS WE SUPPORTThe Rotary Club is dedicated to bringing together businesses and professional leaders in order to provide humanitarian services, encourage high ethical standards in all vocations and help build goodwill and peace in the community, and the world.LEARN MOREThe largest voluntary health organization in the United States.LEARN MORESince 2006, Homes for Heroes has been building and modifying homes for veterans injured in the wars in Iraq and Afghanistan completely mortgage-free.LEARN MOREHabitat for Humanity’s vision is a world where everyone has a decent place to live. Their mission is to put God’s love into action by bringing people together to build homes, communities and hope.LEARN MORE Founded in 2005, Destin Charity Wine Auction Foundation (DCWAF) connects wine enthusiasts to world-class wine and culinary events to raise money to benefit children in Northwest Florida. So far, over $8 million has been earned for children’s charities.LEARN MORE  The largest national community-based organization advocating for and serving people with intellectual and developmental disabilities and their families.LEARN MOREThe Florida Guardian ad Litem Program provides a powerful and effective voice on behalf of Florida’s abused, abandoned and neglected children.LEARN MOREH.E.A.R.T. is a non-profit organization dedicated to caring for homeless pets through helping with adoptions from shelters, building community awareness and even fostering and caring for companion animals until loving homes can be found.LEARN MORERelay for Life is an organized, overnight community fundraising walk to raise money and awareness to fight cancer.LEARN MORESmile-A-Mile’s mission is to provide hope, healing of the spirit and love for the whole family during the childhood cancer journey. Through year-round meaningful and educational programming, Smile-A-Mile helps those in Alabama who are affected by childhood cancer thrive during treatment and the years beyond.LEARN MORE



Protective Center, 2801 Hwy 280 South, Suite 345, Birmingham, AL 35223