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New Deal


Announced

Completed

Wheeler REIT completed the acquisition of Cedar Realty Trust for $291m.

Financials

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Transaction Value£218m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Acquisition

Public

Single Bidder

Friendly

real estate investment trust

Domestic

Majority

United States

Commercial REITs

Merger

Completed

Synopsis

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Wheeler REIT, a commercial real estate investment trust, completed the acquisition of Cedar Realty Trust, a real estate investment trust company, for $291m. "We believe this combination of transactions represents the best possible outcome for our common shareholders and we are very pleased with the progress thus far of our dual-track review of strategic alternatives," Bruce Schanzer, Cedar President and CEO.

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