Wheeler REIT (WHLR) Declares $0.035 Monthly Dividend; 8.6% Yield
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Wheeler REIT (WHLR) Announces $4.2M Acquisition of Three Development Properties
August 19, 2014 8:33 AM EDTWheeler REIT (Nasdaq: WHLR) announced that it has acquired three development properties for an acquisition value of $4.2 million. The three assets were acquired from Development Fund I, LLC, an affiliate of the Company, and were paid for using a combination of cash and the assumption of debt. The Company plans to develop the parcels into future retail properties.
Jon S. Wheeler, Chairman and Chief Executive Officer, stated, "We are very pleased to close on these three... More
