Hines REIT Continues Sell Off, Finds Buyer for 8 Grocery-Anchored Shopping Centers

Home / Hines REIT Continues Sell Off, Finds Buyer for 8 Grocery-Anchored Shopping Centers

In the early stages of a global property sell off to cash out some of its mature investments, Hines Real Estate Investment Trust has cut a deal to sell a portfolio of eight grocery-anchored retail centers to New Market Properties LLC, a subsidiary of Preferred Apartment Communities Inc. in Atlanta. The eight retail centers, located primarily in four southeast US states, totals 1.04 million square feet and is expected to sell for $210 million or…

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