The properties, which were acquired in six states, include the 215,000-sf retail center known as Charlton Commons in Las Vegas, the 328,000 sf Marketplace at Phillips in Orlando and industrial centers each totaling more than 200,000 sf in Arlington, TX and Tampa, FL. The company said $280 million of those $402 million in acquisitions were acquired through joint ventures, of which WRI owns 20%.

Among the fourth quarter acquisitions was a November 16-property shopping center portfolio which WRI and a joint venture partner acquired for $412 million. That sale involved properties in California, Washington, Oregon and Nevada.

More than 70% of the capital required for the 2006 acquisitions came from the $316 million sale of six non-core assets and the firm's joint venture program, Alexander said. During the quarter, WRI disposed of three properties in Texas, and one each in New Mexico, Colorado and Tennessee. The company, one of the largest real estate investment trusts on the New York Stock Exchange, has 386 properties, including 320 neighborhood and community shopping centers and 66 industrial assets, totaling 47.3 million-sf, in its portfolio and is the landlord to 5,500 tenants.