Weingarten Realty Investors and AEW Capital Management, on behalf of a pension fund client, have formed a joint venture to acquire up to $238 million in commercial real estate assets.The joint venture, which will use limited debt, is targeting supermarket-anchored shopping centers in the southern United States. Weingarten, a Houston-based retail real estate investment trust, said it will look after the operations of the properties and the acquisition process. Drew Alexander, the REIT's president and chief executive officer, said the alliance with AEW would help "further diversify Weingarten's capital resources." The REIT can be found on the Web at http://www.weingarten.com.
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