Edens Investment Trust completes $736M acquisition of AmREIT

South Carolina-based Edens Investment Trust completed its acquisition of AmREIT, a real estate investment trust, for $763 million.

Edens, which has regional headquarters in Miami, as well as New York, Boston, Washington, D.C., Atlanta and other cities, owns, develops and manages community oriented shopping centers across the country.

Shares of Houston-based AmREIT sold for $26.55, the Houston Business Journal reported.

Shareholders approved the deal last month. AmREIT representatives said the company is among the best-performing shopping center real estate investment trusts of all time. Shareholders approved the deal last month.

AmREIT will consolidate its Columbia, South Carolina-based accounting and back-house operations as part of the acquisition, the newspaper reported. [Houston Business Journal] — Katherine Kallergis