Excel Trust Acquires Tracy Pavilion for $32M

Excel Trust, Inc.

acquired Tracy Pavilion, a 374,766 square foot shopping center, for approximately $32 million on January 24, 2013. The company owns 162,353 square feet as Home Depot and WinCo are both tenant owned. Major tenants include Home Depot (non-owned), WinCo (non-owned), Marshalls, Ross, PetSmart, Staples and Ulta. In a five mile radius average household income is estimated to be $95,558

. Gary Sabin, Chairman and CEO, commented, "This acquisition underscores our strategy of acquiring dominant, top-performing properties surrounded by strong household incomes. Amazon recently announced it is adding a 1 million square foot facility in Tracy, which will bring additional jobs to the community." About Excel TrustExcel Trust, Inc. is a retail focused REIT that primarily targets community and power centers, grocery anchored neighborhood centers and freestanding retail properties. The Company has elected to be treated as a REIT, for U.S. federal income tax purposes. Excel Trust trades publicly on the NYSE under the symbol "EXL". For more information on Excel Trust, Inc., please visit www.exceltrust.com. Forward Looking StatementsThis press release may contain statements