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FORT WORTH, TEXAS — Glimcher Realty Trust (NYSE: GRT), a retail real estate investment trust, has purchased University Park Village, an open-air retail center in Fort Worth, for $105 million. The center has approximately 173,220 square feet of leasable retail space. “We are pleased with the acquisition of University Park Village, a highly productive, dominant retail property in the vibrant Fort Worth market,” says Michael Glimcher, chairman and CEO of Columbus, Ohio-based Glimcher Realty Trust. “This quality property offers tremendous growth potential and aligns perfectly with our acquisition strategy.” The center, which originally opened in 1986, is 97 percent occupied and features upscale merchants such as Apple, Ann Taylor, Anthropologie, Banana Republic, J. Crew, lululemon athletica, Madewell and Pottery Barn. The tenants average more than $800 per square foot in sales. Glimcher financed the acquisition through a $60 million term loan, plus the remaining funds from the company’s credit facility. The term loan matures on April 8, 2013. Glimcher expects to obtain long-term mortgage financing on the property prior to the term loan’s maturity date, provided market conditions are favorable. University Park Village, located at 1612 S. University Drive, is situated in one of the most affluent areas of Fort …

CHICAGO — Equity Residential has entered into an agreement to sell a $1.5 billion portfolio of multifamily assets to a joint venture of Greystar Real Estate Partners and Goldman Sachs & Co. The Chicago-based firm’s assets to be sold includes 27 apartment communities, which total 8,010 units, located across the U.S. The deal values each apartment at approximately $187,000 per unit and a capitalization rate of approximately five percent. The transaction is expected to be completed in two separate closings, both of which will occur in the first quarter of 2013. The assets under contract for sale are located in the following markets: Washington, D.C. and Northern New Jersey (2,105 units at $517.7 million); South Florida (1,896 units at $276.7 million); San Francisco Bay Area (711 units at $188.5 million); Southern California (720 units at $180.8 million); Phoenix, Ariz. ( 1,575 units at $180.3 million) and Denver, Colo. (1,003 units at $156 million). Pursuant to the agreement, the joint venture has the right to exclude up to 8 percent of the value of the assets from their purchase. As a result, New York-based Goldman and Charleston, S.C.-based Greystar have the right to acquire all of the assets for $1.5 billion, …

SAN DIEGO —Retail Opportunity Investments Corp. (Nasdaq: ROIC), a San Diego-based REIT, has closed on the purchase of three grocery-anchored shopping centers in Southern California and has a binding contract to acquire a fourth. The REIT paid about $114 million to acquire the four properties, which total 440,000 square feet. The properties purchased by ROIC include Cypress West, Redondo Beach Plaza, Harbor Place Center and Diamond Bar Town Center, from a Southern California family in an off-market transaction. ROIC used an unsecured credit facility to finance the acquisition. “We are excited to be acquiring this exceptional portfolio of Southern California shopping centers,” says Stuart Tanz, president and CEO of ROIC. “We accessed the transaction through a longstanding relationship.” ROIC completed a total of $278 million in shopping center investments in 2012, which exceeded the company’s goal, says Tanz. Cypress West is a 106,000-square-foot center anchored by Ralph’s Supermarket and Rite Aid. The property is located in Cypress in Orange County and is 94.1 percent leased. ROIC acquired the property for $27.6 million. Redondo Beach Plaza spans approximately 111,000 square feet and is anchored by Von’s Supermarket. The property is 98.8 percent leased and is located in Redondo Beach, which is …

MIAMI — South Beach Tristar Capital LLC has sold a 56,260-square-foot, mostly retail portfolio in Miami, for $139 million. A joint venture between Terranova Corp. and Acadia Realty Trust (NYSE: AKR) acquired the portfolio in an all-cash transaction. The portfolio includes properties located at 719-737, 801-821 and 826-838 Lincoln Road in the heart of Miami’s South Beach district. The assets are fully occupied with tenants such as Aldo, Fossil, Kiehl’s, Steve Madden and Dylan’s Candy Bar. In 1998, Tristar purchased the portfolio for approximately $15.8 million, or $295 per square foot. “When we acquired the portfolio in 1998, we were considered pioneers. But we saw this as an emerging market and had the vision that Lincoln Road could become one of the great shopping streets in the country alongside Madison Avenue, Michigan Avenue and Rodeo Drive,” said David Edelstein, president of Tristar Capital. “The time has come to execute our disposition strategy and to deploy our assets into new emerging markets.” RKF, along with The Ackman-Ziff Real Estate Group, represented Tristar in the transaction. According to the companies, this sets a new record sale price for Florida retail. Vornado Realty Trust acquired 1100 Lincoln Road for $132 million in July, …