Saul Centers, Inc. is a self-managed and self-administered real estate investment trust (REIT) that owns, operates and manages income-producing commercial real estate. The company focuses primarily on shopping centers, including grocery-anchored and neighborhood retail properties, as well as mixed-use developments that combine retail, residential and office space.
Founded in 1993, Saul Centers has built a portfolio concentrated in the Washington, D.C., metropolitan area and surrounding Mid-Atlantic markets, including Maryland and Virginia. Its properties are generally positioned to serve local communities and may include supermarkets, restaurants, service businesses, retailers and other tenants that support recurring customer traffic.
Saul Centers is affiliated with the Saul Organization, a real estate business with a history in the Washington, D.C., region. B. Francis Saul II has served as the company’s chairman and chief executive officer. The company’s strategy emphasizes acquiring, developing, redeveloping and managing retail-oriented properties in established markets.
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