President & CEO, America’s Realty LLC
In the past 40 years, Carl Verstandig has gone from his family’s local Baltimore Convenient store to amassing an enormous real estate portfolio. After graduating college in 1976, Carl and his partners opened up Kash and Karry, Warehouse Food Markets and Food Town. The grocery chain grew from one small store to 35 locations throughout the DC-Baltimore market region. The grocery stores were sold in 1986.
With his vast knowledge of Grocery and the retail industry, Carl Ventured into buying former 7-11 buildings throughout Baltimore. He placed convenient stores into the buildings under the name Food Stop Mini Marts. This spread to small strip shopping centers and lead the way to regional centers across the country. This has since blossomed into a $1.2 Billion Dollar real estate portfolio.
Carl Verstandig launched America’s Realty, LLC in 1990 with the purchase of a 40,000 square foot Shopping center located in Parkville, Maryland. Today, Carl operates America’s Realty along with son, Steven Verstandig, and the original group of investors from 30 plus years ago.
America’s Realty is a blue-collar shopping center acquisition firm. Carl purchases in a market that supports our hard-working middle class. He believes there is a strong demand for discounted retail. The core tenants of America’s Realty include Variety Wholesalers who trade as Roses Department Stores and Maxway Stores, Ollie’s Good Stuff Cheap, Dollar General, Food Lion, Home Depot, Giant Eagle, Advanced Auto Parts, Auto Zone, Pebbles Department Store, Family Dollar, Dollar Tree, Save A Lot, and Cato Clothing. Most of these retailers have multiple locations with America’s Realty and follow Carl as he purchases new shopping centers. Carl also welcomes current local businesses and startup businesses to lease space with America’s Realty.
By purchasing centers where the big-ticket retailers have pulled out and filling those large units with retailers offering affordable merchandise, Carl feels America’s Realty helps the economy and increases job opportunities locally.