CBRE CLOSES $60.1M IN FINANCING FOR RETAIL PORTFOLIO

FLORIDA AND ALABAMA — CBRE Capital Markets has arranged approximately $60.1 million in financing for the acquisition of seven shopping centers in Florida and the refinance of a 135,000-square-foot Lowe’s Home Improvement in Opelika, Ala. on behalf of H&R REIT. The Florida properties include:

• The Shops at Mission Trace in St. Augustine, Fla.
• Corridors at Ponte Vedra in Ponte Vedra Beach, Fla.
• First Merritt Center in Merritt Island, Fla.
• Mandarin Oaks in Jacksonville, Fla.
• Publix at Holly Hill in Daytona, Fla.
• Publix at Summer Bay in Clermont, Fla.
• Regency Village in Orlando, Fla.

The purchase price for the seven Florida shopping centers totals $80.4 million. Six of the seven shopping centers are anchored by Publix. Corridors at Ponte Vedra is anchored by Fresh Market. H&R REIT is a Toronto Stock Exchange listed, open-ended real estate investment trust.