Wheeler Real Estate Investment Trust Inc.
Wheeler Real Estate Investment Trust Inc. announced this month that the company raised $90 million through the sale of preferred stock.
The Virginia Beach-based company issued 90,000 shares of Series C preferred stock at a purchase price of $1,000 per share.
The company also announced that it received a letter of intent from a national lender for a $45 million revolving line of credit.
"We are very pleased with the successful completion of this financing," said Jon Wheeler, chairman and CEO.