Amreit
From Wikipedia, the free encyclopedia
AmREIT, Inc. was a real estate investment trust that invested in shopping centers in Texas and Atlanta, Georgia.[1] The company also managed real estate investment funds for high net worth individuals and in partnership with JPMorgan Chase and Goldman Sachs.[1]
 | |
| Industry | Real estate investment trust |
|---|---|
| Founded | 1985 |
| Defunct | February 18, 2015 |
| Fate | Acquired by Edens |
As of December 31, 2013, the company owned 32 properties containing 1.5 million square feet.[1]
History
The company was founded in 1985.
In 2005, the company acquired Uptown Park for $68.8 million.[2] The company also sold 8 properties for $14.7 million.[3]
In 2006, the company acquired Uptown Plaza in Dallas, Texas.[4]
In 2012, the company became a public company via an initial public offering.[5]
In 2013, the company acquired Woodlake Square Shopping Center for $41.6 million.[6]
In July 2014, Regency Centers Corporation made a proposal to acquire the company but the offer was rejected.[7][8][9]
In 2015, the company was acquired by Edens in a $763 million transaction.[10][11][12]