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Excel Trust Closes on $263M Retail Portfolio

REIT Acquires Six Shopping Centers in Southeast from Unicorp National Developments
By Justin Sumner
CoStar News
October 22, 2012 | 3:30 P.M.

Excel Trust, Inc. (NYSE: EXL), a real estate investment trust specializing in community and power centers and grocery-anchored neighborhood retail, acquired six shopping centers for approximately $262.8 million. The portfolio includes a large mixed-use property in Richmond, VA and five retail properties in Orlando, FL. All were acquired from affiliates of Unicorp National Devlopments Inc.

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