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EL PASO, Texas, June 26, 2025 - River Oaks Properties has agreed to sell 9 shopping centers in El Paso, Texas to a combination of MIMCO-managed investment partnerships.
Statement from Adam Frank, President of River Oaks:
“River Oaks continues to own and manage over 100 properties totaling over 5 million square feet in El Paso. Over the last 10 years, the company’s core investment focus has been in ground-up power center and grocery-anchored assets. As to the future of our company we will continue to look for opportunities in El Paso and other strategic markets as we grow the portfolio.”
Statement from Scott Walker, President of MIMCO:
“MIMCO’s focus continues to be on growing and effectively managing our portfolio, which now includes over 350 properties in Texas, New Mexico, and Arizona, totaling over 8 million square feet. Over half of our portfolio is located in El Paso, signifying our strong belief in the city and region. We appreciate our friendly competitors at River Oaks as they’ve been great to work with throughout this transaction.”
About River Oaks Properties, LTD Founded in 1959, River Oaks Properties is a national owner of retail properties, primarily focused on El Paso, South Florida, and other markets across the country. Our success is driven by strategic investments in high-traffic, rapidly growing areas, a steadfast commitment to quality construction, and a proactive approach to property management. With a portfolio of over 190 properties, we have earned an unparalleled reputation for excellence in commercial real estate. Our in-house teams specializing in construction, accounting, property management, and leasing enable a fully integrated and efficient approach to property development and operations. For more than six decades, we’ve built long-term investments that support the growth of local communities and foster strong, lasting partnerships with both regional and national businesses.
About MIMCO, LLC MIMCO, LLC (“MIMCO”) is a vertically integrated commercial real estate investment firm and management company based in El Paso, TX, with a 50-year track record of investing in and operating properties across Texas and the Southwestern US. Since its formation in 1972 the MIMCO managed portfolio has grown to include over 8 million square feet of retail and warehouse assets. Members of the MIMCO team are leaders in the commercial real estate industry and their communities and have built a company reputation as an organization with integrity and commitment to managing and operating projects that strengthen the community.
For Inquiries:
River Oaks Properties, LTD: afrank@ropelpaso.com
MIMCO, LLC: press@mimcoproperties.com