Trisha Shetty (Editor)

Weingarten Realty

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Type
  
Public

Website
  
www.weingarten.com

Founded
  
1948

Products
  
Shopping Centers

Revenue
  
524.9 million USD (2013)

Weingarten Realty httpsuploadwikimediaorgwikipediaen555Wei

Traded as
  
NYSE: WRI S&P 400 Component

Industry
  
Real Estate Investment Trust

Key people
  
Stanford Alexander, Chairman Drew Alexander, President & CEO Johnny Hendrix, COO Steve Richter, CFO

Stock price
  
WRI (NYSE) US$ 33.50 -0.08 (-0.24%)7 Apr, 4:01 PM GMT-4 - Disclaimer

Headquarters
  
Houston, Texas, United States

Subsidiaries
  
Miller Weingarten Realty LLC

Weingarten Realty Investors (NYSE: WRI) is a real estate investment trust (REIT), headquartered in Houston, Texas. Weingarten Realty is a shopping center owner, manager and developer. The majority of the shopping centers are anchored by a supermarket or a national value-oriented retailer and are located in neighborhood and community centers. As of 2012, it was Houston's largest commercial real estate property owner. At September 30, 2014, Weingarten Realty owned or operated 251 retail properties in 21 states in the U.S., representing 47.4 million square feet of commercial real estate.

History

In the 1880s Harris Weingarten, a man who left Poland, started a dry goods store in Houston. The current company was established in 1948 as the Weingarten Markets Realty; at the time it operated Weingarten's supermarkets. Joe, the eldest son of Harris Weingarten, established the current company. In 1980 the company left the supermarket market.

The Houston Business Journal, in its July 2011 ranking of Houston’s Top 100 Public Companies, placed Weingarten at No. 93.

In 2012 Weingarten announced that it was leaving the industrial real estate sector and selling all of its industrial holdings, worth $382.4 million, to DRA Advisors LLC, a company based in New York City. The property sold included 52 real estate properties in the states of Florida, Georgia, Tennessee, Texas, and Virginia. Of the industrial holdings, 2,300,000 square feet (210,000 m2) of building space was in Houston.

In October 2013 Weingarten bought the Mueller Regional Retail Center in Austin.

References

Weingarten Realty Wikipedia


Similar Topics