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Stock Market & Financial Investment News

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January 6, 2014
08:35 EDTWHLRWheeler REIT board approves acquisition of Wheeler Development
Wheeler Real Estate Investment Trust announced that the company’s board of directors has approved the acquisition, for nominal consideration, of Wheeler Development, a company wholly-owned by Wheeler’s chairman and CEO, Jon Wheeler. The company expects Wheeler Development to be integrated into the REIT by January 15.
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August 20, 2014
06:12 EDTWHLRWheeler REIT files to sell 120K units
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August 19, 2014
08:33 EDTWHLRWheeler acquires three retail development properties for $4.2M
Wheeler announced that it has acquired three development properties for an acquisition value of $4.2M. The three assets were acquired from company affiliate Development Fund I, and were paid for using a combination of cash and the assumption of debt. The company plans to develop the parcels into future retail properties. The three undeveloped properties consist in total of approximately 55.2 acres of land located in Edenton, North Carolina, Moyock, North Carolina and Courtland, Virginia. Each of the assets is located in commercial zones.

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