AmREIT Announces Pricing Of Public Offering Of Class B Common Stock And Listing Of Class B Common Stock On The New York Stock Exchange

AmREIT, Inc. (the “Company”) today announced the pricing of its public offering of 3,650,000 shares of its Class B common stock at a public offering price of $14.00 per share. The Company’s Class B common stock is expected to begin trading on July 27, 2012 on the New York Stock Exchange under the symbol "AMRE." The offering is expected to close on August 1, 2012, subject to the satisfaction of customary closing conditions. The Company granted the underwriters a 30-day option to purchase up to an additional 547,500 shares of Class B common stock at the public offering price, less the underwriting discount, to cover over-allotments, if any.

Jefferies and Baird are acting as joint book-running managers for the offering, and Wunderlich Securities, J.J.B. Hilliard, W.L. Lyons, LLC and PNC Capital Markets LLC are acting as co-managers.

The net proceeds of the offering are estimated to be approximately $46.3 million after deducting underwriting discounts and commissions and estimated offering expenses, prior to any exercise of the underwriters' over-allotment option. The Company intends to use the proceeds of the offering to repay secured debt obligations and for general corporate and working capital purposes, including future acquisition, development and redevelopment activities.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities is being made only by means of a prospectus. A copy of the final prospectus for the offering will be filed with the Securities and Exchange Commission and, when available, may be obtained by contacting: Jefferies & Company, Inc., Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 12th Floor, New York, NY 10022, telephone: (877) 547-6340, e-mail: Prospectus_Department@Jefferies.com or Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, WI 53202, telephone: 800-792-2413, email: syndicate@rwbaird.com.

About AmREIT, Inc.

AmREIT, Inc. is a full service, vertically integrated and self-administered real estate investment trust that owns, operates, acquires and selectively develops and redevelops primarily neighborhood and community shopping centers located in high-traffic, densely populated, affluent areas with significant barriers to entry. AmREIT’s shopping centers are typically anchored by strong national and local retailers including supermarket chains, drug stores and other necessity-based retailers with the remaining tenant base comprised predominantly of specialty retailers and national and local restaurants. As of June 30, 2012, AmREIT owned a portfolio of 29 wholly-owned properties.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws, including statements related to the offering and the expected use of the net proceeds therefrom, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases, which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Company's final prospectus relating to this offering.

Copyright Business Wire 2010

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