AmREIT (NYX: AMY), a Houston-based real estate company that has elected
to be taxed as a real estate investment trust, announced the December
dividends on its Class A, C and D common shares as well as an update on
transactional activity.
The Board of Trust Managers of AmREIT declared the monthly Class A, C
and D dividends for December 2008 that will be paid to shareholders of
record according to the following schedule.
|
Share Class
|
Payment Schedule
|
|
December
|
|
Class A Dividend/Share
|
$0.0414
|
|
Class C Dividend/Share
|
$0.0583
|
|
Class D Dividend/Share
|
$0.0542
|
|
Record Date
|
12/19/08
|
|
Payment Date
|
12/30/08
|
The Company consummated the sales transaction of a
development/redevelopment tract in Dallas, Texas, and is diligently
working with the buyer on development and redevelopment alternatives for
the site. Based on accounting treatment for the sale under the
installment sales method, approximately 10% of the gain will be
recognized in 2008 and approximately 90% is anticipated to be recognized
in 2009.
About AmREIT
AmREIT (NYX:AMY), is a full service real estate company dedicated to
providing the highest standard of service and value to its clients,
partners and investors. For 25 years, AmREIT has delivered on its vision
to become the Irreplaceable Corners™ company through investments,
acquisitions, value add developments and management of high quality
retail and mixed-use properties. AmREIT is headquartered in Houston,
Texas and has an office in Dallas, Texas. To learn more, please visit
our website at www.amreit.com.
For more information about other AmREIT, call Chad Braun, Chief
Financial Officer of AmREIT, at (713) 850-1400. AmREIT is online at www.amreit.com.
AmREIT
Chad C. Braun, 713-850-1400
cbraun@amreit.com
or
Corporate
Communications, Inc.
Tripp Sullivan, 615-254-3376
