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Industry | Real estate investment trust |
---|---|
Founded | 1948 |
Defunct | August 4, 2021 |
Fate | Acquired by Kimco Realty |
Headquarters | Houston, Texas |
Key people | Stanford Alexander,
Chairman Andrew M. Alexander, CEO Stephen C. Richter, CFO |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 243 (2020) |
Footnotes / references [1] |
Weingarten Realty Investors was a real estate investment trust that invested in shopping centers, primarily in the Southern United States and primarily with grocery stores as the anchor stores. [1] In August 2021, the company was acquired by Kimco Realty.
As of December 31, 2020, the company owned interests in 159 properties comprising 30.2 million square feet. [1] In 2020, 20.6% of the company's revenues were generated from properties in the Houston area and 30.4% of the company's revenues were generated from properties in Texas. [1]
In the 1880s, Hersch Harris Weingarten, a poor Jewish immigrant from Łańcut (what was then Austria-Hungary), [2] started a grocery business in Houston called Weingarten's. [3]
In 1948, Joseph Joe Weingarten, the eldest son of Harris Weingarten founded Weingarten Realty to build stores for his father's business. [3] In 1980, Safeway Inc. purchased the grocery operations. [3]
In 1985, the company became a public company via an initial public offering. [3]
In 2002, the company acquired 3 shopping centers for $46.2 million. [4] [5]
In 2012, the company sold all of its industrial assets for $382.4 million. [6]
In August 2021, Kimco Realty acquired the company. [7]
![]() | |
Industry | Real estate investment trust |
---|---|
Founded | 1948 |
Defunct | August 4, 2021 |
Fate | Acquired by Kimco Realty |
Headquarters | Houston, Texas |
Key people | Stanford Alexander,
Chairman Andrew M. Alexander, CEO Stephen C. Richter, CFO |
Revenue | ![]() |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | 243 (2020) |
Footnotes / references [1] |
Weingarten Realty Investors was a real estate investment trust that invested in shopping centers, primarily in the Southern United States and primarily with grocery stores as the anchor stores. [1] In August 2021, the company was acquired by Kimco Realty.
As of December 31, 2020, the company owned interests in 159 properties comprising 30.2 million square feet. [1] In 2020, 20.6% of the company's revenues were generated from properties in the Houston area and 30.4% of the company's revenues were generated from properties in Texas. [1]
In the 1880s, Hersch Harris Weingarten, a poor Jewish immigrant from Łańcut (what was then Austria-Hungary), [2] started a grocery business in Houston called Weingarten's. [3]
In 1948, Joseph Joe Weingarten, the eldest son of Harris Weingarten founded Weingarten Realty to build stores for his father's business. [3] In 1980, Safeway Inc. purchased the grocery operations. [3]
In 1985, the company became a public company via an initial public offering. [3]
In 2002, the company acquired 3 shopping centers for $46.2 million. [4] [5]
In 2012, the company sold all of its industrial assets for $382.4 million. [6]
In August 2021, Kimco Realty acquired the company. [7]