The Real Deal Miami

Equity One boosts shopping center stake

January 13, 2009 10:03AM

The real estate investment trust Equity One has purchased another 2
million shares of DIM Vastgoed, a Dutch company that operates shopping
centers in the Southeastern United States. The North Miami Beach-based
firm will issue stock to fund the acquisition of shares, issuing
866,373 shares in exchange for 1.24 million shares of DIM Vastgoed and voting rights to an additional 766,573 DIM shares.
Equity One will control more than 73 percent of DIM’s common shares
after the transaction. DIM Vastgoed’s South Florida holdings include
Hammock Town Center in Kendall and Magnolia Shoppes in Coral Springs.