AmREIT to Privatize

AmREIT, a small retail REIT that develops and manages a portfolio of more than 70 properties totalling 3.4 million square feet, has opted to privatize. Like most other retail REITs, AmREIT's stock is down considerably from its 52-week and all-time highs. It's currently trading at $2.85 per share. It's 52-week high is $8.40 per share and it's all-time highest close was $9.10 per share back in February 2007--around the time that most REITs hit their peaks. The company's plan is to cease trading on December 19.

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