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: or Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, WI 53202, telephone: 800-792-2413, email:

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.

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