Of the $52 million, $10 million will be sold with five-year-terms, an interest rate of 5.295% and a due date of July 1, 2007. Another $15 million in notes will also carry a five-year term due on July 15, 2007 with a 5.14% interest rate. The remaining $27 million has an 11-year term due July 15, 2013 with a 6.11% interest rate.
"Weingarten Realty Investors remains committed to maintaining a strong balance sheet," says Drew Alexander, president and CEO of Weingarten, in a statement. "Managing the amount of short-term floating-rate debt and staggering the company's debt maturities is key to our continued success."
Weingarten currently has a portfolio of 296 properties in 18 states across the southern half of the US. The portfolio includes 37.2 million sf in 239 neighborhood and community shopping centers and 57 industrial properties.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
