Orion Properties
11–50 employees 4 principals
Last updated
About Orion Properties
Orion Properties is a real estate operator. Orion Properties operates in Boston, Massachusetts, Buffalo, New York and Dallas, Texas. Its investment focus is on Medical Office & Healthcare, Suburban Office and Urban Office.
Orion Properties Inc. is a publicly traded real estate investment trust (REIT) that was established in 2021 following its separation from Realty Income. The company is headquartered in Phoenix, Arizona and specializes in owning, acquiring, and managing commercial real estate assets across the United States. As of 2025–2026, Orion employed approximately 37 people and managed a portfolio spanning dozens of states. The company’s portfolio consists primarily of single-tenant net lease properties occupied by creditworthy tenants. Orion owns and operates approximately 58 operating properties and holds interests in 6 joint venture properties, with a portfolio totaling roughly 7.9 million square feet across 29 states. Approximately two-thirds of its annualized base rent is generated by investment-grade tenants, providing diversified income across multiple industries. Orion’s real estate focus has evolved beyond traditional office assets to include government facilities, medical office buildings, flex and laboratory space, research and development facilities, and flex-industrial properties. The company targets operationally essential properties in growth markets and emphasizes long-term leases with tenants in sectors such as healthcare, government services, financial institutions, technology, telecommunications, and manufacturing. Orion continues to reposition its portfolio toward net lease and dedicated-use assets while maintaining a geographically diversified national footprint.