May
23

Phillips Edison REIT to Acquire $1B in Sponsor Assets

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The combined company, which is expected to reach a total enterprise value of $4 billion, will own 230 shopping centers in 32 states.

In a stock-and-cash transaction valued at about $1 billion, Phillips Edison Grocery Center REIT I Inc. (PECO I) is to acquire real estate assets and the third-party asset management business of its sponsor and external advisor, Phillips Edison Limited Partnership (PELP), the companies announced…

Phillips Edison REIT to Acquire $1B in Sponsor Assets

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