Home News Phillips Edison Grocery Center REIT I Completes Internalization

Phillips Edison Grocery Center REIT I Completes Internalization

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Phillips Edison Grocery Center REIT I, a publicly registered non-traded real estate investment trust, has acquired the real estate assets and third-party asset management business of its former sponsor and external advisor, Phillips Edison Limited Partnership, in a stock and cash transaction valued at approximately $1 billion.

The transaction, which was