WRI Weingarten Realty Investors

Weingarten Realty Investors Announces the Acquisition of California Shopping Center HOUSTON, May 21 /PRNewswire-FirstCall/ -- Weingarten Realty Investors announced today that the Company has purchased El Camino Promenade shopping center located near San Diego, California from ACF El Camino 02, LLC, a California limited liability company. This acquisition brings Weingarten's 2004 acquisitions to $282.6 million, representing 1.9 million square feet. El Camino Promenade, located at the northwest corner of El Camino Real and Via Molena in Encinitas, California, is a 110,800 square foot shopping center that is currently 100% leased. Anchors include TJ Maxx, AMC Theater and Beverages & More. According to Drew Alexander, President and Chief Executive Officer of Weingarten, "We are pleased with our success in acquiring this excellent retail center. This transaction expands Weingarten's presence in California, in the San Diego area and, specifically, in the high-quality submarket of Encinitas." Weingarten Realty Investors is a Houston, Texas, based real estate investment trust with 338 income-producing properties in 20 states that span the southern part of the United States from coast to coast. Included in the portfolio are 277 neighborhood and community shopping centers and 61 industrial properties aggregating 45.2 million square feet. Weingarten has one of the most diversified tenant bases of any major REIT in its sector, with the largest of its 4,900 tenants comprising less than 3% of rental revenues. Listed on the New York Stock Exchange, the Company's common shares are traded under the symbol "WRI". For further information on the Company, please visit http://www.weingarten.com/ . Statements included herein that state the Company's or Management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied by such statements. Reference is made to the Company's regulatory filings with the Securities and Exchange Commission for information or factors, which may impact the Company's performance. http://www.newscom.com/cgi-bin/prnh/19991216/WRILOGO DATASOURCE: Weingarten Realty Investors CONTACT: Tracy Pursell of Weingarten Realty Investors, +1-713-866-6050 Web site: http://www.weingarten.com/

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