Site Centers (NYSE:SITC) (NYSE: SITC) is a publicly traded real estate investment trust specializing in the ownership, management and development of grocery anchored, daily needs shopping centers across the United States. The company’s portfolio includes open-air retail properties strategically located in high-traffic, community-based markets. Site Centers partners with leading grocers, specialty retailers and service providers to deliver daily conveniences and lifestyle retailers to suburban and urban neighborhoods.
Founded as Developers Diversified Realty Corp. in 1965, the company completed its initial public offering in 1993 and, over the decades, has grown through disciplined acquisitions, property dispositions and targeted redevelopment projects. In June 2022 the firm rebranded as Site Centers to reflect its focus on daily needs real estate, while maintaining a diversified roster of national and regional tenants. The company’s assets span more than 20 states, with notable concentrations in the Southeast, Mid-Atlantic, Southwest and West Coast regions.
Site Centers offers a full suite of real estate services including property management, leasing, construction oversight and marketing support for its tenant base. Its in-house development team identifies value-add opportunities and executes enhancements—such as façade upgrades, new pad development and parking lot reconfigurations—to drive long-term cash flow and community engagement. The company also emphasizes sustainable practices, incorporating energy-efficient lighting and water-saving landscaping across its centers.
Under the leadership of President and Chief Executive Officer Christopher R. Volk, Site Centers maintains a disciplined approach to portfolio management and capital allocation. The senior management team brings decades of industry experience in retail real estate investment and operations, supporting a strategy focused on defensive retail formats and partnerships with credit-worthy tenants. Site Centers continues to pursue balanced growth through strategic acquisitions, redevelopment initiatives and active asset management.
