In June 2005, Strathallen Capital Corp. announced the formation of Strathallen Retail Property Fund LP No. 1 (SRPF 1), an investment vehicle comprised of major Canadian Pension Fund investors to be managed by Strathallen.   This Fund was closed for equity participation in July 2005.

The mandate of SRPF 1 was to invest in grocery and/or drug anchored retail properties in Canadian markets. Over the investment period, SRPF 1 had a capacity to acquire in excess of $200 million in assets. Strathallen acquired a total of 13 projects on behalf of SRPF 1 and had fully allocated capital for this Fund by October 2007.