EX-99
2
8KAtlantaPressReleaseEx991.htm
PRESS RELEASE
CONTACTS
From:
Tony DeFazio
For:
Jennifer Weingartner
Director
of Investor Relations
Diccicco
Battista Communications
Phillips
Edison - ARC Shopping Center REIT
tdefazio@dbcworks.com
jweingartner@phillipsedison.com
Ph:
(484) 342-3600
Ph:
(513) 619-5058
FOR
IMMEDIATE RELEASE
Phillips Edison-ARC Shopping
Center REIT Inc. Acquires $60.5 Million Portfolio located in the Greater
Atlanta, Georgia Metro Area
CINCINNATI,
OH, January 22, 2013 -
Phillips
Edison-ARC Shopping Center REIT Inc. (the "Company")
today announced that it completed a portfolio acquisition of six
grocery-anchored shopping centers containing approximately 507,668 square feet
located in the Greater Atlanta Metro Area at an aggregate purchase price of
approximately $60.5 million. The portfolio is anchored by five Kroger grocery
stores and one Publix grocery store. This acquisition brings the Company's
total portfolio to 32 properties with 13 leading grocers, in 15 states with an
aggregate purchase price of approximately $367.5 million.
The Company is a public non-traded REIT focused on the acquisition
and management of well-occupied grocery-anchored neighborhood shopping centers
throughout the United States.
"We are extremely pleased to have closed this portfolio in the
Greater Atlanta Metro Area", commented Jeffrey Edison, Co-Chairman of the Board
and Chief Executive Officer of Phillips Edison-ARC Shopping Center REIT Inc.
"We believe in the strength of the grocery-anchored shopping center model and
feel that these acquisitions further enhance the strength of our portfolio by
adding strong, credit-worthy tenants such as Kroger and Publix".
About Phillips Edison - ARC Shopping Center REIT Inc.
Phillips Edison-ARC Shopping Center REIT Inc. is a public non-traded
REIT that seeks to acquire and manage well-occupied grocery-anchored
neighborhood shopping centers having a mix of national and regional retailers
selling necessity-based goods and services, in strong demographic markets
throughout the United States. The REIT is co-sponsored by two industry
leaders: Phillips Edison & Company, who has acquired over $1.8 billion in
shopping centers throughout the United States, and AR Capital, LLC, a real
estate investment program sponsor dedicated to governance best practices. As
of January 21, 2013, Phillips Edison-ARC owned, directly or indirectly through
a joint venture in which it has a controlling interest, and managed an
institutional quality retail portfolio consisting of 32 grocery-anchored
shopping centers totaling 2,997,845 square feet. For more information on the
company, please visit the website at
www.phillipsedison-arc.com
.
The
statements in this press release that are not historical facts may be
forward-looking statements. These forward-looking statements involve risks and
uncertainties that could cause the outcome to be materially different. In
addition, words such as "anticipate", "believe", "expect", and "intend"
indicate a forward-looking statement, although not all forward-looking
statements include these words.
###

EX - 99 2 8KAtlantaPressReleaseEx991 . htm PRESS RELEASE CONTACTS From : Tony DeFazio For : Jennifer Weingartner Director of Investor Relations Diccicco Battista Communications Phillips Edison - ARC Shopping Center REIT tdefazio@dbcworks.com jweingartner@phillipsedison.com Ph : ( 484 ) 342 - 3600 Ph : ( 513 ) 619 - 5058 FOR IMMEDIATE RELEASE Phillips Edison - ARC Shopping Center REIT Inc . Acquires $ 60.5 Million Portfolio located in the Greater Atlanta , Georgia Metro Area CINCINNATI , OH , January 22 , 2013 - Phillips Edison - ARC Shopping Center REIT Inc . ( the " Company " ) today announced that it completed a portfolio acquisition of six grocery - anchored shopping centers containing approximately 507,668 square feet located in the Greater Atlanta Metro Area at an aggregate purchase price of approximately $ 60.5 million . The portfolio is anchored by five Kroger grocery stores and one Publix grocery store . This acquisition brings the Company 's total portfolio to 32 properties with 13 leading grocers , in 15 states with an aggregate purchase price of approximately $ 367.5 million . The Company is a public non - traded REIT focused on the acquisition and management of well - occupied grocery - anchored neighborhood shopping centers throughout the United States . " We are extremely pleased to have closed this portfolio in the Greater Atlanta Metro Area " , commented Jeffrey Edison , Co - Chairman of the Board and Chief Executive Officer of Phillips Edison - ARC Shopping Center REIT Inc . " We believe in the strength of the grocery - anchored shopping center model and feel that these acquisitions further enhance the strength of our portfolio by adding strong , credit - worthy tenants such as Kroger and Publix " . About Phillips Edison - ARC Shopping Center REIT Inc . Phillips Edison - ARC Shopping Center REIT Inc . is a public non - traded REIT that seeks to acquire and manage well - occupied grocery - anchored neighborhood shopping centers having a mix of national and regional retailers selling necessity - based goods and services , in strong demographic markets throughout the United States . The REIT is co - sponsored by two industry leaders : Phillips Edison & Company , who has acquired over $ 1.8 billion in shopping centers throughout the United States , and AR Capital , LLC , a real estate investment program sponsor dedicated to governance best practices . As of January 21 , 2013 , Phillips Edison - ARC owned , directly or indirectly through a joint venture in which it has a controlling interest , and managed an institutional quality retail portfolio consisting of 32 grocery - anchored shopping centers totaling 2,997,845 square feet . For more information on the company , please visit the website at www.phillipsedison-arc.com . The statements in this press release that are not historical facts may be forward - looking statements . These forward - looking statements involve risks and uncertainties that could cause the outcome to be materially different . In addition , words such as " anticipate " , " believe " , " expect " , and " intend " indicate a forward - looking statement , although not all forward - looking statements include these words . # # #