CANADA’S LARGEST REIT PURCHASES SHOPPING CENTER IN TEMPLE FOR $21.2M

TEMPLE – RioCan REIT, Canada’s largest real estate investment trust, has purchased a 125,000-square-foot shopping center in Temple for approximately $21.2 million. Bird Creek Crossing is anchored by Target and The Home Depot and includes tenants Best Buy, Michael’s, PetSmart and OfficeMax. The property is owned on an 80/20 basis with Inland Western Retail REIT. Inland Western will manage the property on behalf of the co-ownership.