Eidi Properties Acquires 39 Class A Shopping Centers Across Six States
Transaction Marks 60% Portfolio Growth, Expanding Family-Owned Firm’s National Footprint to Nearly 80 Retail Assets
Toledo, OH – [May 27, 2025] Eidi Properties, a privately held, family-owned real estate investment firm headquartered in Toledo, Ohio, is pleased to announce the acquisition of 39 premier shopping centers spanning six states. This transformative acquisition expands the company’s holdings by over 60%, bringing Eidi Properties’ portfolio to nearly 80 Class A retail properties totaling millions of square feet across the United States.
The portfolio includes a diverse mix of power centers, grocery-anchored plazas, and community retail hubs located in high-traffic, high-growth markets. Properties are situated throughout the Chicago suburbs including Bloomingdale, Downers Grove, Arlington Heights, and Hoffman Estates as well as across Florida in Tampa, Sarasota, Orlando, and Venice. Additional assets are located in Virginia (Virginia Beach, Chesapeake, Norfolk, and Richmond), as well as key markets in western Michigan, North Carolina, and Indiana.
Acquired from the esteemed Dembs-Roth Development team, these legacy centers represent decades of thoughtful development and stewardship. Many were originally anchored by New York Carpet World and are positioned along major commercial corridors in densely populated trade areas, some with over 250,000 residents within a three-mile radius. Their strategic locations, construction quality, and longstanding tenant relationships make them truly irreplaceable.
“My mentors taught me early that good business starts with good people,” said Ramy Eidi, President and CEO of Eidi Properties. “These are exceptional assets, well-located, well-maintained, and deeply rooted in their communities, but what made this acquisition most meaningful was the integrity of the Dembs and Roth families. Their legacy is one of care, loyalty, and excellence, and we are honored to carry that forward.”
The properties, located on high-visibility corners and adjacent to top-performing national retailers, further strengthen Eidi Properties’ presence in targeted regional markets and support its long-term growth strategy.
In keeping with the firm’s hands-on and relationship-driven approach, Eidi and his executive team personally visited each property between November and December 2024. This direct engagement and diligence helped distinguish Eidi Properties from larger institutional buyers and underscored the firm’s commitment to thoughtful stewardship.
The acquisition was financed in collaboration with three respected Toledo-based banking institutions. “We are grateful for the trust and partnership of Joel Jerger at WesBanco, Andy Maher and Brian White at Waterford Bank, and John Skeldon and Joe Bajas at CBS,” Eidi noted. Legal counsel was led by Anthony Calamunci and Gordon Thomas of FisherBroyles for Eidi Properties, with Brian Raznick of Taft Law representing the sellers. Feedback from tenants and third-party contractors during diligence consistently reflected the high standards set by the prior owners and affirmed alignment with Eidi Properties’ operational philosophy.
“We’re proud to have completed this transaction as the original developers and long-term owners,” said a Dembs-Roth Family representative. “These are assets we’ve poured our hearts into, and we are confident that Eidi Properties will continue our vision as thoughtful and dedicated stewards.”
This acquisition aligns with Eidi Properties’ foundational mission: to own and operate best-in-class retail assets through a legacy-driven lens that prioritizes consistency, care, and community impact.
“I’m deeply thankful to our banking partners, legal teams, and most especially to our executive team, whose dedication brought this across the finish line,” Eidi said. “But none of it would have happened without the brilliant work of Daniel Kukes (principal) and the Landmark Investment Sales Team. Daniel was the driving force who brought everyone together and made this vision a reality.”
With this acquisition, Eidi Properties reinforces its long-term commitment to value creation, relationship-based leasing, and active community engagement—serving not just as property owners, but as trusted partners in every market we enter.
About Eidi Properties
Founded in 1998 in Toledo, Ohio, Eidi Properties is a privately held, family-owned commercial real estate firm focused on the acquisition, redevelopment, and management of high-quality retail properties across seven states. The company is known for its hands-on approach, long-term tenant relationships, and enduring commitment to the communities it serves. With a growing national portfolio, Eidi Properties operates with a mission of stewardship, integrity, and multigenerational impact.
