Cedar Realty Trust Announces Exercise of Over-Allotment Option

        Cedar Realty Trust Announces Exercise of Over-Allotment Option

PR Newswire

PORT WASHINGTON, N.Y., Feb. 12, 2013

PORT WASHINGTON, N.Y., Feb. 12, 2013 /PRNewswire/ --Cedar Realty Trust, Inc.
(NYSE: CDR) todayannounced that the underwriters of its 7.25% Series B
Cumulative Redeemable Preferred Stock offering exercised their over-allotment
option to purchase 300,000 shares in addition to the 2 million shares that
priced on February 7, 2013. Gross proceeds, before underwriting costs, for
the full 2.3 million shares were approximately $56.5 million and closing
occurred today.

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.

Forward-Looking Statements
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,
+1-203-682-8211