WRI Weingarten Realty Investors

Weingarten Realty Investors Announces Sale of 3.2 Million Common Shares HOUSTON, Aug. 18 /PRNewswire-FirstCall/ -- Weingarten Realty Investors (NYSE:WRI) announced today that it has agreed to sell 3,200,000 common shares of beneficial interest to Banc of America Securities LLC. All shares are being offered by the Company. Banc of America Securities LLC will act as sole bookrunning underwriter for the offering. The Company has also granted Banc of America Securities, LLC an over-allotment option to purchase an additional 480,000 common shares. Weingarten intends to use the net proceeds from this offering to reduce outstanding indebtedness under its revolving credit facility and for general corporate purposes. The shares will be issued pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Copies of the prospectus relating to these securities may be obtained, when available, from Banc of America Securities LLC, Attn: Prospectus Department, 100 West 33rd Street, New York, New York 10001 or via e-mail at . Weingarten Realty Investors is a Houston, Texas, based real estate investment trust with 343 properties in 20 states that span the southern part of the United States from coast to coast. Included in the portfolio are 281 neighborhood and community shopping centers and 62 industrial properties aggregating 46.0 million square feet. The Company's common shares are listed on the New York Stock Exchange, trading 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 as 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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