JACKSON, Miss., Sept. 12, 2017 /PRNewswire/ -- EastGroup
Properties (NYSE: EGP) announced today the effect of Hurricane
Irma on its Florida
properties. EastGroup owns approximately 11 million square
feet in the state. The properties did not sustain any major
wind, flood or other storm-related damage and are currently fully
functional.
EastGroup Properties, Inc. is a self-administered equity real
estate investment trust focused on the development, acquisition and
operation of industrial properties in major Sunbelt markets
throughout the United States with
an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The
Company's strategy for growth is based on ownership of premier
distribution facilities generally clustered near major
transportation features in supply-constrained submarkets.
EastGroup's portfolio, including development projects in lease-up
and under construction, currently includes over 38.8 million square
feet.
EastGroup Properties, Inc. press releases are available at
www.eastgroup.net.
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SOURCE EastGroup Properties