Dec
26

Wheeler Acquires Five SC Shopping Centers

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Wheeler Real Estate Investment Trust  announced today that the Company 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 $15.8 million, 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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