Wheeler Real Estate Investment Trust sells three properties for $28.2 million

Virginia Beach, Va. -- Wheeler Real Estate Investment Trust announced the sale of three non-core properties, Harps, Jenks Reasor's, and Bixby Commons located in Tulsa and Delaware Counties, Oklahoma, for $28.2 million. The three free-standing properties total approximately 187,705 sq. ft. were sold under separate contracts.



"The sale of these three freestanding properties reflects the execution of our strategy to remain focused on acquiring multi-tenant properties, monetize non-core assets and use proceeds to re-invest in our specialized markets,” said Jon S. Wheeler, chairman and CEO for Wheeler Real Estate Investment Trust.



The assets were listed for sale as Wheeler streamlines its acquisition focus onto multi-tenant retail properties. The company intends to reinvest proceeds from the sale into assets best aligned with its business model.