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Equity One Closes on Two Acquisitions

NORTH MIAMI BEACH, FL-The locally based real estate investment trust purchases Canadian-based Centrefund Realty (U.S.) Corp. and Texas-based United Investors Realty Trust in a multi-million dollar stock-debt deal.

By David R. Corder | Updated on September 24, 2001

NORTH MIAMI BEACH, FL-Equity One Inc. is claiming title as the third largest publicly traded shopping center real estate investment trust in Florida after closing Friday on the acquisition of Toronto-based Centrefund Realty (U.S.) Corp. in a multi-million dollar stock-debt deal.

Equity One also is claiming title as the fourth largest publicly traded shopping center REIT in Texas with the simultaneous closing on the acquisition of Houston-based United Investors Realty Trust.

The North Miami Beach-based REIT now claims ownership of 84 properties, mostly shopping centers, containing about 8.6 million sf of leaseable space.

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