NEW YORK ( TheStreet) -- Excel Trust (EXL - Get Report), a retail-focused shopping center REIT, announced last week it has acquired six shopping centers for approximately $263 million. This is a significant milestone for the San Diego-based company as the small-cap REIT has now surpassed $1 billion dollars in assets under management.Excel had around $820 million in assets of its latest reporting period (second quarter of 2012) and with the latest announced closing the company will have around $1.1 billion in assets.
Excel Trust Sails Past $1 Billion Assets
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