Tuesday, October 10, 2017

Phillips Edison forms $4 billion grocery-focused REIT

Phillips Edison, one of the nation’s largest owners and operators of grocery-anchored shopping centers, has formed a new $4 billion REIT focused on this still-growing sector of physical retail.

The Phillips Edison Grocery Center REIT I was formed with the acquisition of certain real estate assets and third-party management businesses of its former sponsor and external advisor, Phillips Edison Limited Partnership.. . . more

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