RioCan, Inland Western Bag $92M Texas Shopping Center

Law360, New York (December 12, 2011, 7:01 PM EST) -- 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...
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