Phillips Edison-ARC Shopping Center REIT adds centers to venture

12/2/2011 | GlobeSt.com

Phillips Edison-ARC Shopping Center REIT has made its first acquisitions for the PECO-ARC Institutional Joint Venture. It has added five grocery-anchored shopping centers in Virginia, Ohio, Florida, South Carolina and Georgia that it purchased for $47.1 million. Plans call for the venture to acquire about $218 million of such centers.

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