ARLINGTON, TX-RioCan Real Estate Investment Trust recently has invested a significant portion of capital in the Lone Star State.
The Canadian REIT closed on two retail acquisitions in Texas – Lincoln Square and Sawyer Heights Village – totaling more than $100 million. It also inked an agreement to acquire three more retail properties in the state for $47.4 million. Those deals are slated to close during the third quarter.
“We like Texas,” RioCan CFO Rags Davloor tells GlobeSt.com. “It never suffered from the housing crisis that the rest of the US did. We believe the fundamentals there are very strong.”
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