RioCan, Inland Western JV to buy 8 Texas properties

RioCan Real Estate Investment Trust and Inland Western Retail Real Estate Trust have formed a joint venture to acquire eight retail centers in Texas for $138 million. RioCan will hold the majority stake at 80% and will assume $85.6 million of mortgage debt. The properties are 97% occupied.

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Winnipeg Free Press (Manitoba) (tiered subscription model)

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