Excel Trust Completes Acquisition of $263 Million Portfolio
Excel Trust (NYSE: EXL), a retail focused real estate investment trust (REIT), announced today it has acquired six shopping centers for approximately $263 million.
Gary Sabin, Chairman and CEO, stated, “We are excited about the quality and earnings potential of these assets. The demographics and tenant mix are exceptional and will further strengthen and diversify our portfolio. Since our IPO in 2010, we have acquired approximately $1.1 Billion of high quality assets and we continue to see attractive opportunities in our pipeline.”
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.