Phillips Edison & Company, Grocery Center REIT II to merge

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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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