Weingarten, Hines in joint venture on shopping portfolio

11/19/2008 | GlobeSt.com

Weingarten Realty Investors and Hines Real Estate Investment Trust formed a joint venture involving a 1.5 million-square-foot shopping portfolio valued at $270 million. "This is allowing us to recycle capital while retaining interest in properties we believe have good long-term potential," said Gary Greenberg, Weingarten's senior vice president for capital markets. The joint venture is the latest in a series of similar moves by Weingarten.

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