-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Nkziyc2+tVth9uYiZeGAPxnszujuhOOt1puy1oKIO6+7MzQ/5GSbhPWc8FJPb50k hc8vGFJdrsfX1SMLRsFzOQ== 0000828916-02-000022.txt : 20020416 0000828916-02-000022.hdr.sgml : 20020416 ACCESSION NUMBER: 0000828916-02-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020404 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 20020409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEINGARTEN REALTY INVESTORS /TX/ CENTRAL INDEX KEY: 0000828916 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 741464203 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09876 FILM NUMBER: 02605052 BUSINESS ADDRESS: STREET 1: 2600 CITADEL PLAZA DR STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77292 BUSINESS PHONE: 7138666000 MAIL ADDRESS: STREET 1: P O BOX 924133 STREET 2: P O BOX 924133 CITY: HOUSTON STATE: TX ZIP: 77292-4133 8-K 1 doc1.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 _________________________________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): April 4, 2002 WEINGARTEN REALTY INVESTORS ------------------------------------------------------ (Exact name of registrant as specified in its charter) 1-9876 ------------------------ (Commission File Number) Texas 74-1464203 ------------------------------------------ ---------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 2600 Citadel Plaza Drive, Suite 300, Houston, Texas 77008 ----------------------------------------------------- ---------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (713) 866-6000 -------------- ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On April 4, 2002, WRI completed the acquisition of 7 supermarket-anchored shopping centers in the Raleigh-Durham market totaling 1.15 million square feet from Bob Hughes and Associates and related partnerships. The following chart reflects the specifics of these select community shopping centers:
SHOPPING CENTER TOTAL SQUARE FEET ANCHOR TENANT(S) - ----------------------- ----------------- ----------------------------------------------------------------------- Avent Ferry 111,600 Food Lion, U.S. Post Office, Department of Motor Vehicles - ----------------------- ----------------- ----------------------------------------------------------------------- Capital Square 156,600 Food Lion, Mars Music - ----------------------- ----------------- ----------------------------------------------------------------------- High House 90,000 Harris Teeter, Ace Hardware - ----------------------- ----------------- ----------------------------------------------------------------------- Mineral Springs 58,400 Food Lion, Eckerd - ----------------------- ----------------- ----------------------------------------------------------------------- Northwoods 77,800 Food Lion, Eckerd - ----------------------- ----------------- ----------------------------------------------------------------------- Stonehenge Market Place 188,300 Harris Teeter, Stein Mart, Eckerd - ----------------------- ----------------- ----------------------------------------------------------------------- Six Forks 468,100 Food Lion, Eckerd, Home Depot, Borders Books, Bed Bath & Beyond, Kmart - ----------------------- ----------------- -----------------------------------------------------------------------
The purchase price of the portfolio was $94.9 million, including the assumption of $48.0 million of secured debt. The purchase was completed through the use of a DownREIT structure whereby the sellers were issued either cash or DownREIT Operating Partnership Units in exchange for their equity in the properties. A total of 934,568 operating partnership units, which can be exchanged for a like number of WRI common shares beginning one year after the closing, were issued to the sellers based upon an agreed price of $46.00 per unit. This represented the market price of WRI common shares on the date the purchase agreement was agreed to (September 19, 2001). The remainder of the purchase price was funded under WRI's revolving credit facility. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. WEINGARTEN REALTY INVESTORS ----------------------------- (Registrant) BY: /s/ Joe D. Shafer ------------------------ Joe D. Shafer Vice President/Controller (Principal Accounting Officer) DATE: April 8, 2002 -----END PRIVACY-ENHANCED MESSAGE-----