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RioCan Real Estate Investment Trust Announces The Sale Of Its Entire Equity Position In Cedar Realty Trust

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 of Cedar 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 TrustCedar 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.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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