Phillips Edison Grocery Center REIT II's Village Center. (Phillips Edison Grocery Center REIT II)

Phillips Edison Grocery Center REIT II and Phillips Edison & Company, Inc. have entered into a definitive agreement to merge and form a USD6.3 billion REIT.

Phillips Edison Grocery Center REIT II is a REIT that owns a chain of grocery-anchored shopping centers.

Meanwhile, Phillips Edison & Company (PECO) is an internally-managed REIT with similar properties.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.