Executives and guests of New Plan Excel Realty Trust, Inc. will visit the New York Stock Exchange on Thursday, November 21 to celebrate 40 years as a publicly traded company and 30 years as a Real Estate Investment Trust. To honor the occasion, Chairman William Newman and CEO Glenn J. Rufrano will ring The Closing Bell.
New Plan Excel Realty Trust, Inc. is one of the nation´s largest real estate companies, focusing on the ownership and management of community and neighborhood shopping centers.
The Company operates as a self-administered and self-managed REIT, with a national portfolio of 349 properties and total assets of approximately $3.3 billion.
Its properties are strategically located across 32 states and include 297 community and neighborhood shopping centers, primarily high-quality supermarket or name-brand discount chain anchored, with approximately 41.4 million square feet of gross leasable area, and 52 related retail real estate assets, with approximately 4.5 million square feet of gross leasable area.
On November 11, 2002, the Company announced that it had entered into a definitive agreement with Equity Investment Group, a private retail focused REIT, to acquire a portfolio of 58 community and neighborhood shopping centers for approximately $437 million. During 2002, New Plan celebrated its 40th year as a publicly traded company and its 30th year as a Real Estate Investment Trust (REIT).