Type Public (NYSE: AMRE) Key people H. Kerr Taylor (CEO) Founder H Kerr Taylor | Industry REIT Website www.amreit.com Founded January 1985 | |
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Headquarters Houston, Texas, United States Subsidiaries AmREIT Realty Investment Corp | ||
Amreit targets dense urban affluent locations
AmREIT Inc. headquartered in Houston, Texas is a full service, vertically integrated and self-administered real estate investment trust that owns, operates, acquires and selectively develops and redevelops primarily neighborhood and community shopping centers located in high-traffic, densely populated, affluent areas with significant barriers to entry. As of June 30, 2012, AmREIT's portfolio consisted of 29 retail properties that were 95.8% leased and are typically anchored by strong national and local retailers including supermarket chains, drug stores and other necessity-based retailers with the remaining tenant base comprised predominantly of specialty retailers and national and local restaurants. AmREIT’s core markets include affluent, high-growth submarkets in the top-growth cities of Houston, Dallas, San Antonio, Austin, and Atlanta. In addition, AmREIT manages and has varying minority ownership interests in eight advised funds, which owned, as of June 30, 2012, 18 properties.
In October 2014, AmREIT announced that it would be acquired by Edens Investment Trust in an approximately $763-million, all-cash, deal. The deal closed February 18, 2015.