AmREIT (AMRE) Prices 3M Offering at $18.25/Share

AmREIT, Inc. (NYSE: AMRE) announced the pricing of its public offering of 3,000,000 shares of its common stock at a public offering price of $18.25 per share, for net proceeds of approximately $52.1 million, after deducting underwriting discounts and commissions and other estimated offering expenses. The Company also granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of common stock at the public offering price, less the underwriting discount, to cover over-allotments, if any. The offering is expected to close on or about July 19, 2013, subject to customary closing conditions.

Jefferies is acting as sole book-running manager and Baird is acting as lead manager for the offering. Capital One Securities, PNC Capital Markets LLC and SunTrust Robinson Humphrey are acting as co-managers.

The Company intends to use the net proceeds from the offering to repay borrowings outstanding under its unsecured revolving credit facility, to fund all or a portion of the acquisition of the fee simple interest in its Preston Royal East property, to fund a portion of the acquisition of Woodlake Square from its joint venture partner and two of its advised funds, and for general corporate purposes.

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