Horizon Group Properties, Inc. HGPI

Company Overview

Horizon Group Properties, Inc. (HGPI) is a privately held real estate development and management company specializing in outlet shopping centers within the retail real estate industry. The company focuses on the acquisition, development, leasing, and operation of value-oriented retail destinations, primarily outlet malls that feature national and international brand tenants offering discounted merchandise.

HGPI’s core revenue is derived from leasing retail space, percentage rent arrangements with tenants, and property management activities. Its customer base consists primarily of apparel, footwear, and specialty retail brands, as well as value-conscious consumers seeking outlet shopping experiences. The company is positioned as a niche operator emphasizing mid-sized, open-air outlet centers in tourist-driven and secondary markets rather than large, urban flagship malls. Horizon Group Properties was founded in the late 1970s and evolved from a regional developer into a recognized outlet center operator through steady expansion and redevelopment of outlet-focused retail assets.