Phillips Edison, CBRE Investors to put $200M into retail acquisitions

09/21/2011 | Wall Street Journal, The

Phillips Edison & Co. and CBRE Investors plan to announce a joint venture to invest $200 million in retail acquisitions. They plan to buy 15 to 20 grocery-anchored shopping centers throughout the U.S. "It is a great time to buy right now because there is not a ton of capital going into the grocery-anchored business," said Jeffrey Edison, CEO of Phillips Edison's publicly registered, nontraded real estate investment trust.

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Wall Street Journal, The

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