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Stock Market & Financial Investment News

News Breaks
December 24, 2013
08:31 EDTWHLRWheeler REIT acquires portfolio of shopping centers in NC for $15.8M
Wheeler Real Estate Investment Trust has assumed and closed contracts previously entered into by Wheeler Interests, LLC, an affiliated company, to acquire five grocery anchored shopping centers totaling approximately 261,689 square feet, for a combined acquisition price of $15.8M, or $60.38 per square foot. The property portfolio has an average occupancy rate of 91% and was acquired using a combination of cash and debt.
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