The North Miami Beach-based real estate investment trust paid$79.40 per sf for the 114,925-sf property that has an estimated netoperating income of $870,000. Major anchor tenants include Publix,Books-a-Million and Bealls.

By acquiring the retail center, Equity One is claiming partialfulfillment of a Section 1031 exchange under the U.S. Tax Code. Thesale relates to the Aug. 31 sale of Harbour Financial Center byCentrefund Realty (U.S.) Corp., a company that Equity One acquiredin a stock swap in late September.

In a shareholder's advisory, the REIT says that about $8 millionof the Ryanwood purchase was funded from the proceeds of theHarbour Financial Sale. The remaining amount came from othersources.

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