Wheeler Real Estate Investment Trust, Inc. Announces Opening of Regional Office in Charleston, South Carolina
September 02 2014 - 8:30AM
Business Wire
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
(“Wheeler” or the “Company”), a company specializing 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,
announced today that the Company recently opened a regional office
located in Charleston, South Carolina to provide leasing and
property management services to 10 of the Company’s properties, as
well as potential, future acquisitions, located in the Southeast
region of the United States.
Jon S. Wheeler, Chairman and Chief Executive Officer, stated,
“The Southeast region is an area that we know very well and one
that we feel will provide potential future growth for the Company.
This expansion allows us to build on the already excellent property
management and leasing services currently provided to our tenants
that are located in the Southeast while continuing to seek
acquisitions that fit the existing portfolio criteria. Wheeler will
also be able to streamline those services at our headquarters in
Virginia to focus solely on the properties located elsewhere in the
United States. Wheeler remains committed to providing exceptional
leasing and property management services to all of its tenants, and
we feel Charleston provides a central location as well as an
optimal environment to further carry out that commitment.”
Wheeler has re-located several staff members from its operations
in Virginia Beach to help launch the new office. The office is
located in the heart of downtown Charleston on King and Market
Streets and will provide leasing and property management services
to current and potential, future properties of the Company that are
located in the following states: Alabama, Georgia, Kentucky, North
Carolina and South Carolina.
About Wheeler Real Estate Investment
Trust Inc.
Headquartered in Virginia Beach, VA, Wheeler Real Estate
Investment Trust, Inc. 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 Northeast, Mid-Atlantic, Southeast and Southwest
regions of the United States.
Additional information about Wheeler Real Estate Investment
Trust, Inc. can be found at the Company’s corporate website:
www.whlr.us.
Forward looking
Statement
Wheeler Real Estate Investment Trust, Inc. (the "Company")
considers portions of the information in this press release
relating to its business operations contemplated acquisition
strategy to be forward‐looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, both as amended. Although the
Company believes that the expectations reflected in such
forward‐looking statements are based upon reasonable assumptions,
it can give no assurance that its expectations will be achieved.
For this purpose, any statements contained herein that are not
historical fact may be deemed to be forward‐looking statements.
Specifically, the Company's statements regarding potential, future
acquisitions are forward-looking statements. There are a number of
important factors that could cause the Company's operations to
differ from those indicated by such forward‐looking statements,
including, among other factors, local conditions such as oversupply
of space or a reduction in demand for real estate in the area;
competition from other available space; dependence on rental income
from real property; the loss of, significant downsizing of or
bankruptcy of a major tenant; constructing properties or expansions
that produce a desired yield on investment; the Company's ability
to renew or enter into new leases at favorable rates; its ability
to buy or sell assets on commercially reasonable terms; its ability
to complete acquisitions or dispositions of assets under contract;
its ability to secure equity or debt financing on commercially
acceptable terms or at all; the Company's ability to enter into
definitive agreements with regard to its financing and joint
venture arrangements or its failure to satisfy conditions to the
completion of these arrangements and the success of its capital
recycling strategy. For additional factors that could cause the
operations of the Company to differ materially from those indicated
in the forward‐looking statements, please refer to the Company's
filings with the U.S. Securities and Exchange Commission which are
available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward‐looking statements to
reflect events or circumstances that arise after the date
hereof.
Wheeler Real Estate Investment Trust Inc.Robin
HanischCorporate Secretary(757) 627-9088robin@whlr.usorLaura
NguyenDirector of Marketing(757) 627-9088lnguyen@whlr.usorINVESTOR
RELATIONS:The Equity Group Inc.Terry
DownsAssociate(212)836-9615tdowns@equityny.comorAdam PriorSenior
Vice-President(212)836-9606aprior@equityny.com
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