Private Florida firm buys Rent-A-Center in $1 billion deal
Rent-A-Center has been debating a sale in the last year. It also recently begun expanding its franchisee offering, with a Tampa company, Impact RTO Holdings, amassing the single-largest chunk of franchised locations. Read the full article here
Rent-A-Center is new to franchising — and this Tampa company is benefiting
TAMPA — Shirin Kanji’s family business history was in hotels. But in 2008, amid a lag in hotel stays because of the recession, Kanji decided his family’s portfolio at Impact Properties needed to diversify beyond hospitality. He landed on retail — but not in the traditional sense. He wanted to be a franchise owner of […]
Build or Buy?: 6 Growth-Minded Operators share Their Strategies
Shirin Kanji, senior vice president and chief investment officer at Impact Properties, which has diverse hotel, retail, restaurant, and real estate holdings, watches the market closely and knows that finding the perfect deal for a new build location is difficult. “Real estate that is reasonably priced and well located is hard, so building new is […]
Impact RTO Holdings Purchases an Additional 31 Rent-A-Centers
On March 26th, Impact RTO Holdings, the retail division of Tampa-based holdings company Impact Properties, closed a contract to purchase 31 corporate owned Rent-A-Center stores from Jacksonville, FL to Savanna, GA. With 45 existing locations, Impact RTO was already Rent-A-Center’s largest franchisee even before taking on the new stores. Now the holding company is on track to […]
Three New Hotels Add Heat To Wesley Chapel’s Business Climate
Impact Properties is building the Hyatt Place, and recently hosted a “topping off” event to show off its progress. Impact just began building the $24-million hotel last summer. The Hyatt Place will share the north side of S.R. 56 with a host of new restaurants and retailers. Read the full article here
New hotel, retail, restaurants coming to Cypress Creek Town Center
The Hyatt Place Hotel and Convention Center is expected to open in July, and according to Impact Properties president Dilip Kanji, combined what will follow soon after will make the Cypress Creek Town Center the place to be in Wesley Chapel. Read the full article here