RioCan Real Estate Investment Trust Announces The Sale Of Its Entire Equity
Position In Cedar Realty Trust
PORT WASHINGTON, N.Y., Feb. 8, 2013
PORT WASHINGTON, N.Y., Feb. 8, 2013 /PRNewswire/ --Cedar Realty Trust, Inc.
(NYSE: CDR) today announced that in a press release on February 7, 2013,
RioCan Real Estate Investment Trust ("RioCan") (TSX: REI.UN) stated that it
sold all of its 9.4 million shares ofCedar Realty Trust, Inc.("Cedar") in a
block trade through Goldman, Sachs & Co. As a result of this sale, RioCan no
longer has any equity position in Cedar. On October 10, 2012, as previously
disclosed, Cedar exited its joint venture with RioCan.
About Cedar Realty Trust
Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust
which focuses on the ownership and operation of primarily grocery-anchored
shopping centers straddling the Washington DC to Boston corridor. The
Company's portfolio (excluding properties treated as "held for sale") is
comprised of approximately 10 million square feet of GLA.
Statements in this press release that are not strictly historical are
"forward-looking" statements. Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause actual results,
performance and outcomes to differ materially from those expressed or implied
in forward-looking statements. Please refer to the documents filed by Cedar
Realty Trust, Inc. with the SEC, specifically the most recent reports on Forms
10-K and 10-Q, which identify important risk factors which could cause actual
results to differ from those contained in forward-looking statements.
SOURCE Cedar Realty Trust, Inc.
Contact: Cedar Realty Trust, Inc., Investor Relations, Brad Cohen,
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