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Morning Alert for New Plan Excel Realty Trust Inc.

Publication: M2 Presswire
Publication Date: 28-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-28 February 2007-bellwetherreport.com: Morning Alert for New Plan Excel Realty Trust Inc(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:28022007

Morning Alert for New Plan Excel Realty Trust Inc (NYSE:NXL)

This company has a new plan to excel in the real estate business. New Plan, a self-administered real estate investment trust (REIT), is the product of a reverse merger between New Plan Realty Trust (retail and residential property) and Excel Realty Trust (retail and commercial property). The company is one of the nation's largest owners of strip shopping centers; it owns and manages some 460 retail properties (more than 65 million sq. ft.) in about 40 states. Its portfolio is heavily concentrated in the eastern states; most properties are anchored by stores such as Kroger, Wal-Mart, and Kmart. The company also holds interests in a handful of...

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