Weingarten Realty Announces Fourth Quarter and Full Year 2018 Disposition Activity
Weingarten Realty Investors (WRI)
Last weingarten realty investors earnings: 2/25 05:37 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Weingarten Realty Investors (NYSE: WRI) announced today disposition activity for the fourth quarter and full year 2018. During the fourth quarter of 2018, the Company closed $240 million of dispositions including Tropicana Beltway and Decatur 215 in Las Vegas, Nevada, Oracle Crossing and Shoppes at Parkwood Ranch in Arizona, Cherry Creek in Colorado, Seminole Towne Center in Florida, and 1919 North Loop West in Houston. The Company also sold two land parcels. For the year ended December 31, 2018, the Company completed $634 million of dispositions. The average household income for the 3-mile trade area of these properties averaged $73,000 in 2018 which improved the remaining portfolio average to $93,000. Currently, there is an additional $175 million of dispositions under contract expected to close in early 2019. All of the properties under contract are subject t
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