Cedar Realty Trust, Inc. is a publicly traded real estate investment trust that invests in shopping centers in the Mid-Atlantic states.
As of December 31, 2016, the company owned 61 properties containing 9.1 million square feet, including 26 properties in Pennsylvania.
The company's largest tenants are as follows:
The company was founded in 1984 as Cedar Shopping Centers.
In 2005, the company acquired a 27-property portfolio for $90 million and Columbia Mall for $14 million. It also acquired The Shops at Suffolk Downs.
In 2006, the company acquired Shaw's Plaza.
In 2009, RioCan Real Estate Investment Trust acquired a 15% stake in the company as part of a joint venture agreement.
In 2010, the company acquired a 20% interest in Exeter Commons. It also acquired 7 shopping centers from Pennsylvania Real Estate Investment Trust for $168 million. It also sold Gabriel Brothers Plaza for $4.5 million.
In 2011, the company changed its name to Cedar Realty Trust. It also sold 5 sites in Ohio anchored by Discount Drug Mart.
In 2014, the company acquired Quartermaster Plaza in South Philadelphia for $92.3 million. It also sold Harbor Square for $25 million.
In 2015, the company acquired Lawndale Plaza in Philadelphia, Pennsylvania for $24.5 million.
In 2016, the company acquired East River Park Shopping Center for $39 million and The Shoppes at Arts District for $20.5 million.
In 2017, the company acquired Christina Crossing for $29.3 million.