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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Thu., Sep. 24, 3:17 AM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #70. Excel Trust, Inc. Tracy Pavilion

Acquirer: Excel Trust, Inc. (EXL)
Acquiree: Tracy Pavilion
Details: Excel Trust, Inc. (NYSE:EXL), a retail focused real estate investment trust (REIT), acquired Tracy Pavilion, a 374,766 square foot shopping center, for approximately $32 million on January 24, 2013. The company owns 162,353 square feet as Home Depot and WinCo are both tenant owned. Major tenants include Home Depot (non-owned), WinCo (non-owned), Marshalls, Ross, PetSmart, Staples and Ulta. In a five mile radius average household income is estimated to be $95,558 (Source: AGS 2013).

Excel Trust is a self-administered, self-managed real estate firm. Co. focuses on acquiring, financing, developing, leasing, owning and managing community and power centers. At Dec 31 2013, Co. owned an operating portfolio consisting of 34 retail properties (including a 50.0% consolidated joint venture). Co. also owned two commercial office properties: Excel Center and the Promenade Corporate Center. Co. also held ownership interests in two unconsolidated retail properties. Co.'s non-operating properties consisted of Phase II of its Chimney Rock property and an undeveloped land parcel, Southlake Park Village.

Preferred: EXL.PRB

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Company Name: 
Excel Trust Inc.

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Hold (2.00 out of 4)
9th percentile
(ranked lower than approx. 91% of all stocks covered)
Based on Zacks ABR data;
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Real Estate M&A - Slide 70 of 91 Page |

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