Amreit
 | |
| Industry | Real estate investment trust |
|---|---|
| Founded | 1985 |
| Defunct | February 18, 2015 |
| Fate | Acquired by Edens |
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]
As of December 31, 2013, the company owned 32 properties containing 1.5 million square feet.[1]
History[edit]
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]
References[edit]
- ^ a b c AmREIT, Inc. 2013 Form 10-K Annual Report
- ^ Dawson, Jennifer (June 5, 2005). "Busy AmREIT acquires Uptown Park". American City Business Journals.
- ^ "AmREIT unloads non-core properties in $14.7M deal". American City Business Journals. December 7, 2005.
- ^ "AmREIT buys Dallas retail center". American City Business Journals. April 6, 2006.
- ^ "AmREIT IPO Debuts With a Thud". Marketwatch. July 27, 2012.
- ^ Pulsinelli, Olivia (September 24, 2013). "AmREIT acquires redeveloped center in Westchase District". American City Business Journals.
- ^ "Regency Centers Announces Proposal to Acquire AmREIT, Inc. for $22 per Share" (Press release). Business Wire. July 10, 2014.
- ^ Pulsinelli, Olivia (July 29, 2014). "Uptown Park owner rejects buyout offer, will explore strategic alternatives". American City Business Journals.
- ^ Pulsinelli, Olivia (July 10, 2014). "Owner of Uptown Park gets buyout offer, shareholders call it inadequate". American City Business Journals.
- ^ Asgarian, Roxanna (February 18, 2015). "$763M acquisition of Houston REIT closes, CEO won't join combined company". American City Business Journals.
- ^ "EDENS Completes Acquisition of AmREIT" (Press release). Business Wire. February 18, 2015.
- ^ "AmREIT to Be Acquired by EDENS for $26.55 Per Share" (Press release). Business Wire. October 31, 2014.