12:46 PM EST - RioCan Real Estate Investment Trust : announced that it has solidified contracts to acquire a portfolio of 5 grocery anchored and new format retail centres located in Pennsylvania, Maryland, and Virginia, and a new format retail centre located in New Jersey from third party vendors for a total of approximately US$118.5 million at a weighted average capitalization rate of approximately 7.9% after deduction of a vacancy allowance and management fees. The Company plans to finalize these acquisitions by the middle of October 2010. RioCan Real Estate Investment Trust
units T.REI.UN are trading down .17 at $22.16.
