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News Breaks
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October 26, 2009
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| 07:05 EDT |  | WRI |
| theflyonthewall.com: | Weingarten Realty announces new joint venture | | The Company reported that subsequent to quarter-end, it closed on the first phase of the Southeast Retail Joint Venture, which in total includes six properties for a total value of $160M. The first phase, which includes four unencumbered properties, was sold to the Joint Venture for $114M under an all equity arrangement. The Joint Venture is currently in the secured market to leverage these assets and anticipates closing the loan before the end of the year. The two remaining properties, which have existing mortgages, will close upon the Joint Venture’s assumption of the loans. The new Joint Venture is targeting 60% leverage and Weingarten will retain a 20% interest in the assets. :theflyonthewall.com |
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January 31, 2012
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| 10:28 EDT |  | WRI |
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