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March 03, 2022
Cadwalader is advising Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) in its acquisition of Cedar Realty Trust (NYSE: CDR), a real estate investment trust focused on grocery-anchored shopping centers, in a transaction valued at approximately $291 million. The transaction is expected to close by the end of the second quarter of 2022 and is subject to customary closing conditions, including approval by Cedar’s common shareholders.
Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust is a fully integrated, self-managed commercial real estate investment trust focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored shopping centers.
The Cadwalader team is led by Corporate partner Daniel Raglan and includes partner Kiran Kadekar, senior attorney Irina Dolinskiy and associate Monica Lindsay, as well as Real Estate Finance head Bonnie Neuman and partner Kevin Sholette.