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AmREIT to Privatize

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AmREIT, a small retail REIT that develops and manages a portfolio of more than 70 properties totalling 3.4 million square feet, has opted to privatize. Like most other retail REITs, AmREIT's stock is down considerably from its 52-week and all-time highs. It's currently trading at $2.85 per share. It's 52-week high is $8.40 per share and it's all-time highest close was $9.10 per share back in February 2007--around the time that most REITs hit their peaks. The company's plan is to cease trading on December 19.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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