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RioCan CFO: “We Like Texas”

ARLINGTON, TX-The Canadian REIT's most recent investment involves the $70.7 million acquisition of Lincoln Square.

By Jennifer Duell Popovec | Updated on July 18, 2011

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.

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