Wheeler REIT (WHLR) Declares $0.035 Monthly Dividend; 8.6% Yield

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Go back to Wheeler REIT (WHLR) Declares $0.035 Monthly Dividend; 8.6% Yield

Wheeler REIT (WHLR) Announces $4.2M Acquisition of Three Development Properties

August 19, 2014 8:33 AM EDT

Wheeler 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