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Wheeler REIT to Buy Free-Standing Retail Property for $10.6M

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Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) (“Wheeler” or the “Company”), a company specializing in owning, acquiring, financing, developing, renovating, leasing and managing income producing assets, such as community centers, neighborhood centers, strip centers and free-standing retail properties, announced today that it has contracted to purchase Bixby Commons, a 75,000 square foot free-standing retail property, for a purchase price of approximately $10.6 million, or $141.33 per square foot. The Company is conducting the due diligence process and anticipates the contract will close in the second quarter.

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