Law360, New York (December 12, 2011, 7:01 PM ET) -- Canadian investor RioCan Real Estate Investment Trust and Inland Western Retail Real Estate Trust Inc. have teamed up to purchase the Alamo Ranch shopping center in San Antonio, Texas, for $92.2 million, the parties announced Monday.
The acquisition of the 469,031-square-foot Alamo Ranch — the companies' fifth this year — is part of an ongoing partnership between the two REITs aimed at growing Inland Western's portfolio and helping RioCan's growth in Texas' four primary markets: Houston, Dallas-Fort Worth, Austin and San Antonio.
The unenclosed Alamo Ranch...
RioCan, Inland Western Bag $92M Texas Shopping Center
To view the full article, take a free trial now.
