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RioCan Real Estate Investment Trust Announces the Sale of its Entire Equity Position in Cedar Realty Trust

RioCan Real Estate Investment Trust Announces the Sale of its Entire Equity 
Position in Cedar Realty Trust 
TORONTO, ONTARIO -- (Marketwire) -- 02/07/13 -- RioCan Real Estate
Investment Trust ("RioCan") (TSX:REI.UN) today announced that it has
sold all 9.4 million shares of Cedar Realty Trust, Inc. ("Cedar") in
a block trade through Goldman, Sachs & Co. for total proceeds of
approximately US$48 million.  
As previously disclosed on September 6, 2012, RioCan and Cedar
announced that they agreed to dissolve their joint venture
arrangement, and effective February 1, 2013, RioCan assumed all
property and asset management activities for the properties that were
previously managed by Cedar. As a result of the sale of these shares
held, RioCan no longer has any equity position in Cedar. 
About RioCan 
RioCan is Canada's largest real estate investment trust with a total
capitalization of approximately $13.9 billion as at September 30,
2012. It owns and manages Canada's largest portfolio of shopping
centres with ownership interests in a portfolio of 338 retail
properties containing more than 80 million square feet, including 49
grocery anchored and new format retail centres containing 12.4
million square feet in the United States through various joint
venture arrangements as at September 30, 2012. RioCan's portfolio
also includes 10 properties under development in Canada. For further
information, please refer to RioCan's website at www.riocan.com.
Contacts:
RioCan Real Estate Investment Trust
Rags Davloor
Executive Vice President & CFO
(416) 642-3554
www.riocan.com
 
 
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