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Weingarten: A Terrific Q2

HOUSTON-The local REIT sold 11 non-core assets for $232 million and redeployed the capital toward new properties. One property, the 324,000-square-foot Independence Plaza, is in Laredo, TX.

By Amy Wolff Sorter | Updated on July 01, 2013

HOUSTON-Weingarten Realty Investors announced an active second quarter that involved the sale of 11 non-core assets (five of which involved joint ventures, along with three land parcels) and the acquisition of two others. The end results were sales totaling $232 million and acquisitions amounting to $71 million, bringing the year-to-date acquisition total to $89 million.

Second quarter acquisitions included the 66,000-square-foot Queen Anne Marketplace in Seattle and the 324,000-square-foot Independence Plaza in Laredo, TX.

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