Name: Series Eight
Price range: $

Year Founded 1968
Properties Managed 150+
Total SQ FT 10M+

Our services

Leasing

From marketing to negotiation, excellence in our leasing capabilities sets RD Management apart. We seek best-in-class retailers to achieve the optimal tenant mix through aggressive marketing campaigns targeted at our expansive network of contacts.

By conducting local retail analysis and market reports, we are able to identify market conditions and trends, monitor the competition, determine appropriate tenant mix, and establish rent guidelines for maximum income potential.

Once suitable prospective tenants have been identified, our experience and reputation allow us to negotiate directly with national and regional retailers to expedite lease execution. We assist prospective tenants through all details from leases to lease amendments, to dealing with local officials and regulatory boards.

Recognizing that time is money, we work hard to minimize vacancy time and rate. The result is expeditious leases, thriving properties and successful tenants.

Our services

Property Management

Our shopping centers and tenants rely on the proficient RD Management team for in-depth, detailed property management. From our executive team to our on-site managers, we realize that well-run shopping centers draw the most attractive tenants and yield the highest sales volumes. We regularly review each site for curb appeal, practice competitive bidding for services, and watch for excessive overhead costs.

Each site is regularly inspected to evaluate, establish or provide the services required to ensure the property is operating in top condition. Our managers work with local personnel to be our eyes and ears at their respective locations to establish and maintain ongoing and preventive maintenance schedules and to identify potential problems. Some of the services we provide include:

Security
Contractor management
Energy savings
Ongoing repairs and remodeling
Maintain site and building engineering plans, construction records and maintenance files
Enforce pertinent local ordinances
Provide ownership with annual property budgets and capital improvement plans

Our services

Construction & Development

At RD Management, we recognize that each shopping center has distinctive characteristics that present unique challenges. We deal in construction and development within new and existing centers and provide maximum due diligence to ensure maximum returns by preparing construction budgets and timelines so that all projects are brought in on time and within budget.

We monitor all aspects of the project in order to anticipate problems and implement preemptive corrective actions well in advance. Monthly progress reports clearly inform on project status and adherence to budgets, schedule, contract drawings, specifications and quality standards.

An elite team of architectural, engineering and legal professionals assists our in-house construction and architectural departments. Additionally, because we know time is money, we work to ensure smooth transitions that won’t jeopardize critical cash flow.

Our services

Accounting & Financial

Our financial formula is simple: minimize expenses and maximize returns. We use best-in-class systems, accounting procedures and IT technology to monitor and manage each of our shopping centers. This gives us easy access to records of rent and additional charges as well as sales volume and history, cost tracking and tax services, detailed real time monthly reports, effective rent collection protocols, insurance verification and audits.

We realize it’s all about ROI – getting the highest rate of return on each real estate investment. Our accounting and financial services include implementing reasonable overhead expenses to assure tenants of the lowest operating costs, maintaining separate accounts of income and expenses for the center and property management, and providing projections and operation reports regarding the current and potential value of the center.

Our services

Legal

To prepare a leasing agreement or resolve difficulties, we turn to our own legal department who are experts in real estate law and the art of timely negotiation. Our staff consists of highly trained professionals who prepare and negotiate all forms of real estate contracts from leases to lease amendments, loan papers, management agreements, and sales contracts. Our legal team has relationships with their counterparts at top retailers which allows for expedited negotiations. We will also initiate collections matters at the corporate level and oversee all local counsel engaged to process collections and evictions when needed.

Attention to detail helps us anticipate and resolve any potential legal issues before they become problems. Our legal team works hand-in-hand with local attorneys and officials to expedite signing of the lease by the tenant with the goal of arranging a leasing agreement with mutual advantages in the least amount of time. In addition, because we’re fully integrated, tenants can expect a seamless process.

Our services

IT Services

We run state of the art systems and equip our staff with the latest technology to deliver efficient and thorough work products and ensure quality IT services. In order to minimize interference with productivity and output, our team consistently employs or deploys full-service troubleshooting capabilities to resolve individual and network issues.

We are concerned with the implementation of quality IT services that meet the needs of our organization and tenants, and we pride ourselves on quickly identifying IT problems at the source and working with speed and precision to resolve them. Our in-house expertise in premium technology implementation and support provides assurance to keep us up and running at all times.

Our current properties

Latest news

RD Property Expands Credit Facility to $420 Million, Adds Capital One to Banking Group

Starbucks Commences Construction at Russell Centre in Russell, Kentucky

Wingstop Signs Lease at Russell Centre in Russell, Kentucky

RD Management Announces LA Fitness Under Construction at Tampa RITHM

TAMPA, Fla., March 6, 2026 /PRNewswire/ -- RD Management is proud to announce that LA Fitness is officially under construction at Tampa RITHM, delivering a 29,944-square-foot, state-of-the-art, full-service sports club to the transformative mixed-use redevelopment in Tampa. The new club is scheduled to open in 2026. Designed to serve residents, students, and the surrounding community, LA Fitness will offer a wide range of amenities and fitness options, with many classes included at no additional charge. The club will feature extensive strength and cardio equipment, group fitness programming, and modern facilities focused on helping members achieve their health and lifestyle goals. Conveniently located within Tampa RITHM and supported by ample parking, the club reinforces the project's emphasis on accessibility and community engagement. Tampa RITHM represents the comprehensive repositioning of the former University Mall into a dynamic live-work-learn-play destination integrating retail, student housing, market-rate multifamily residences, hospitality, education, and innovation space. "Tampa RITHM represents the future of mixed-use redevelopment," said Richard Birdoff, Co-Chief Executive Officer of RD Management. "The addition of LA Fitness further strengthens our vision of creating a vibrant destination that serves the everyday needs of the community." Retail Tampa RITHM continues to attract a strong lineup of national brands. Newly added pad site tenants include Portillo's, Miller's Ale House, and RaceTrac. These complement existing pad site businesses, LongHorn Steakhouse, KFC, and Panda Express. The Shoppes at RITHM feature: Sprouts Farmers Market – 23,218 square feet (open) Burlington – 50,000 square feet (open) LA Fitness – 29,944 square feet (under construction, opening 2026) Together, these retailers provide daily necessities, dining, lifestyle services, and now premier health and wellness amenities for residents, students, and the surrounding community. Student Housing: Nearly 5,000 Beds Across Five Communities In partnership with Core Spaces, Tampa RITHM includes two student housing developments totaling approximately 2,000 beds. Hub 1, which opened in 2022, delivers approximately 891 units and a 700-stall garage, supported by rooftop resort-style pools, fitness facilities, study lounges, and collaborative social spaces. Hub 2, currently under construction, is a $185 million development scheduled to open in summer 2027 for the 2027–2028 academic year. The project will deliver 1,167 beds and an 800-stall garage with integrated parking and expanded amenity offerings designed for today's student lifestyle. Three additional student communities in the area developed by Landmark Properties bring the combined total to nearly 5,000 beds, reinforcing Tampa RITHM's role as a premier student living hub. Multifamily & Hospitality Expanding the residential mix are 300+/- market-rate multifamily apartment units with construction scheduled to commence in 2026. "The momentum we are seeing at Tampa RITHM reflects our long-term vision," said Mike Carroll, Co-Chief Executive Officer of RD Management. "With LA Fitness under construction and significant residential already in place, we are creating sustainable value for the community while delivering a dynamic environment where people can live, work, and connect." Innovation, Education & Entertainment Campus Tampa RITHM has also emerged as a center for innovation and community engagement, anchored by: University of South Florida Institute of Applied Engineering VU Studios – a 30,000-square-foot virtual production facility featuring professional sound stages and a 100-foot-wide LED volume screen Open Access Insurance – a national insurance agency specializing in Medicare health plans Sun-Ray Cinema – a 14-screen theater showcasing first-run films Additional development opportunities within RITHM include: 200,000 +/- square-foot office/research/medical building with existing 1,500-space parking deck 10 +/- acre premier development site Additional retail opportunities Flex space Housing development sites Charter schools About RD Management RD Management maintains in-house expertise in leasing, property management, construction, accounting and finance, legal, and information technology. For more than five decades, the firm's disciplined, hands-on approach has strengthened asset value through renovation, re-tenanting, expansion, and forward-thinking redevelopment. Media Contact Bradley Schwartz bschwartz@rdmanagement.com t. (212) 265-6600 x298 SOURCE RD Management

RD Management Announces Completion of Major Redevelopment at Casselberry Exchange Shopping Center, Welcomes New BJ's Wholesale Club

RD Management LLC, one of the nation's leading privately held real estate owners, today announced the completion of a major redevelopment project at Casselberry Exchange Shopping Center, anchored by a new BJ's Wholesale Club spanning 104,055 square feet.

RD Management LLC Announces Formation of RD Property LLC and Closing of $350 Million Credit Facility

NEW YORK, Sept. 30, 2025 /PRNewswire/ -- RD Management LLC, a leading real estate investment and management firm, today announced the successful consolidation of various affiliated partnerships into a newly formed entity, RD Property LLC. This strategic rollup unifies a diverse collection of real estate holdings under a single platform designed to streamline operations, enhance growth prospects, and strengthen capital resources. Simultaneously with its formation, RD Property LLC closed on a $350 million term loan and revolving credit facility. The credit facility provides the company with substantial financial flexibility and liquidity to support refinancing initiatives, reinvestment across its existing portfolio, and the pursuit of new opportunities. "We are pleased to announce the creation of RD Property LLC, which marks an important milestone for our platform," said Richard Birdoff, Co-CEO of RD Management LLC. "The consolidation of these partnerships establishes a stronger and more efficient ownership structure, while the closing of this $350 million credit facility reflects the confidence of our lending partners in the quality of our assets, and management's long-term strategy," said, Michael Carroll, Co-CEO of RD Management LLC. RD Property LLC's portfolio consists of 50 properties nationwide totaling 4 million square feet, encompassing retail shopping centers, self-storage, hotel and net lease, strategically located across major U.S. markets. The company's newly secured capital structure positions it to optimize asset performance, execute capital improvements, and expand its footprint through selective acquisitions. The financing was led by KeyBank, National Association, as Joint Lead Arranger and Administrative Agent, and a syndicate of leading financial institutions including The Bank of New York Mellon, The Huntington National Bank, and PNC Bank, as Joint Lead Arrangers and Co-Syndication Agents. RD Property LLC was represented by Bass, Berry and Sims and Roberts & Holland. KeyBank and the lending group were represented by Riemer & Braunstein. About RD Management LLC / RD Property LLC RD Management LLC is a premier real estate investment and management firm with decades of experience acquiring, developing, and managing high-quality assets across the United States. With the formation of RD Property LLC, the company has unified a national, 50-property portfolio under one cohesive platform to drive growth, efficiency, and long-term value creation. For media inquiries, please contact: Michael Carroll Co-CEO 212-265-6600 ext.432 mcarroll@rdmanagement.com SOURCE RD Management

University Mall gets new owner, new future

University Mall Transforms into Mixed-Use Urban Development Neighborhood

TAMPA, Fla. — The University Mall off East Fowler Avenue is turning into a mixed-use development neighborhood.

BJ’s Wholesale Club to Open 25th New Jersey Location in Whippany on March 21

Design Firm Tagwall, Developer RD Management Ink Leases at 1745 Broadway

Michael Carroll, John Hayes Join RD Management

Michael Carroll and John Hayes have joined New York City-based RD Management LLC, a property owner and operator with a portfolio comprising more than 170 properties throughout the continental U.S. and Puerto Rico.

Mall owners turn from new tenants to complete redos

While the future of traditional malls continues to be in flux, new mall owners see the huge pieces of land as an opportunity to reinvent.

BJ’s Wholesale Club to anchor shopping center renovation in Seminole County

New York-based RD Management LLC bought the Casselberry Exchange at 5803 S. U.S. Highway 17-92 from Apollo Global Real Estate for $13 million in a deal that closed Oct. 16, according to Seminole County records.

University Mall Redo Plans 3,000 Student Housing Beds

It's called RITHM—the acronym, derived from the word algorithm, stands for Research, Innovation, Technology, Humanity & Medicine—and when the 100-acre, 7M SF mega-project is finally completed in Tampa's Uptown District, it will cover all of those sectors. The mixed-use redevelopment of the 1.3M SF University Mall is being built in phases by RD Management, which this month unveiled the scope of the student housing component. RD is partnering with Core Spaces on the student housing space, which envisions a total of 3,000 beds, 150 conventional units and 10K SF of retail in the student housing part of the project.