Weingarten Realty Investors Announces $271 Million Joint Venture With Hines REIT

Weingarten Realty Investors and Hines Real Estate Investment Trust, Inc. (“Hines REIT”) announced the formation of a joint venture transaction in which a subsidiary of Hines REIT will acquire a 70% interest in a WRI portfolio of 12 high-volume supermarket-anchored shopping centers. The aggregate transaction price is approximately $271 million and the transaction will close on multiple dates. The initial closing occurred on November 13,...