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DALLAS-AmREIT’s Q2 2013 earnings numbers showed somewhat of a mixed bag. Though same-store NOI had increased by 2.8% from the same period the year before, overall vacancy dropped 160 basis points to 95.1%, down from 96.7% recorded Dec. 31, 2012.

The retail REIT pointed out that the driver behind the occupancy decline was due to its acquisition of Fountain Oaks in Atlanta, GA (which was 89% occupied as of June 30, 2012) and a vacancy at Courtyard at Post Oak in Houston (which was 30% occupied at the end of June, 2013).

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