Phillips Edison–ARC is focused on acquisitions, CEO says

03/27/2014 |

Phillips Edison-ARC Shopping Center REIT is looking to diversify its markets and tenant base with acquisitions this year, says CEO Jeff Edison. The public non-listed REIT, which has 98 shopping centers in its portfolio, has raised $1.7 billion of equity and is now closed to new investors. A second REIT, Phillips Edison-ARC Grocery Center REIT II, now is raising capital.

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