Phillips Edison acquires Aegis Realty
Phillips Edison & Co. recently announced the completion of its merger transaction with the publicly traded Aegis Realty Inc., and acquisition of the Aegis portfolio of 27 grocery-anchored shopping centers totaling 3.1 million sq. ft. The addition of these properties expands Phillips Edison’s ownership portfolio to 8 million sq. ft. in 67 shopping centers. This transaction merged Aegis with a subsidiary of the privately owned Phillip Edison. As a result of the merger, Aegis ceased trading publicly at the close of business on March 26. In a press release, Jeffrey Edison, principal of Phillips Edison, said, "The Aegis portfolio offered an exceptional opportunity for us to pursue our nationwide expansion mission. Like our existing holdings, the Aegis properties are well-located, supermarket-anchored centers, sharing many of the anchors with whom we already have strong relationships. The geographic diversity of the Aegis portfolio across 14 states also met the criteria of our expansion program. The properties are ideal additions to our portfolio and we are extremely pleased with the successful completion of this transaction."
Acceptable Use Policy blog comments powered by Disqus
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
advertisement
Photo Galleries
New York's Star Deals
The city that never sleeps is also the city that never stops growing, not even in the midst of recession. And deals, both bold and unprecedented, continue to be done. Check out image of New York's big deals.
Hudson Yards Development
Check out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-
Videos
JLL at ICSC 2012
Check out these videos from JLL at ICSC 2012 in Las Vegas...
Click here to view more videos.
advertisement
Blogs
![]() |
Real Vox |
![]() |
Traffic Court |
![]() |
The Full Nelson |
Events
![]() |
|---|
Strategic Real Estate Investment ConferenceDate: Thursday, June 7, 2012 Click here to view more events... |
This Week's Most Popular
Current Issue
|
|









