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Wheeler Real Estate Investment Trust, Inc. Announces 2013 Second Quarter and First Half Financial Re

August 12, 2013

July Sizzles — Improving Real Estate Fundamentals and Successful Fund Liquidations Attract Record Monthly Investment

Headquartered in Virginia Beach, VA, the Company specializes in owning, acquiring, financing, developing, renovating, leasing and managing income producing assets, such as community centers, neighborhood centers, strip centers and free-standing retail properties. Wheeler’s portfolio contains strategically selected properties, primarily leased by nationally and regionally recognized retailers of consumer goods and located in the Mid-Atlantic, Southeast and Southwest regions of the United States. Additional information about Wheeler and its properties can be found at its corporate website: . Financial Information Additional information about Wheeler, including a copy of Wheeler’s Quarterly Report on Form 10-Q which includes the Company’s consolidated financial statements and Management’s Discussion & Analysis, will be available upon filing via the U.S. Securities and Exchange Commission website ( ) or through Wheeler’s website at . Forward-Looking Statement This press release contains forward-looking statements, including discussion and analysis of our financial condition, anticipated capital expenditures required to complete projects, amounts of anticipated cash distributions to the Company’s shareholders in the future and other matters. These forward-looking statements are not historical facts The Elevation Group but are the intent, belief or current expectations of management based on its knowledge and understanding of our business and industry. Forward-looking statements are typically identified by the use of terms such as “may,” “will,” “should,” “potential,” “predicts,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or the negative of such terms and variations of these words and similar expressions. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

Another perceived advantage of direct investments relates to the desire among investors in turbulent economic times for current income as opposed to more speculative capital growth. Increasing the portion of total return from income as opposed to capital appreciation is a recognized risk-reduction strategy. In addition, many direct investments provide cash distribution rates which are attractive relative to fixed income alternatives and which can grow in response to inflation. “Adding investments in hard assets to a portfolio of financial assets can reduce portfolio volatility and improve the risk/return profile,” said Kevin M. Hogan, President and Chief Executive Officer of the Investment Program Association. The dominant form of hard asset investment in the direct investment industry in recent years has been real estate. According to Stanger, approximately 82% of July total investment and 80% of year-to-date total investment have been directed toward public non-listed REITs.

Harbert United States Real Estate Fund V and ColRich Investments Close on Conifer Creek Apartments

Located at 2205 South Racine Way, Conifer Creek Apartments is a garden-style apartment community situated in Denvers Cherry Creek School District. The community features numerous amenities including a 24-hour courtesy patrol for increased security, a business center, a fitness center, jogging trails, and a clubhouse with Wi-Fi access and a billiards table. ColRich Investments and Harbert United States Real Estate Fund V closed on the property on July 25 and plan to invest an additional $7 million in property upgrades. The comprehensive renovation aims to modernize the interior finishes, resident amenities and the exterior of the property. The purchase represents the tenth joint venture between ColRich Investments and Harbert United States Real Estate Fund V. The joint ventures have focused mainly on well-located multifamily assets with value-add potential in the high growth markets of Phoenix and Denver. In other local real estate news, The Denver Business Journal reports Governor John Hickelooper at the Apartment Association of Metro Denvers 2013 Summer Economic Forecast event, which took place at the Marriott Denver Tech Center, launched a plea to industry experts to seize the moment and capitalize on metro Denvers apartment building boom. The Association, on the occasion of the event, released its second quarter vacancy and rent report for the metro Denver market area and highlighted the 13-year-low vacancy rate of 4.2 percent. It is also the first time metro Denvers average rent has exceeded $1,000, reaching $1,022.


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