HOUSTON—AmREIT has finally found an appropriate buyer after rejecting a bid earlier this year from Regency Centers to acquire it. On Friday night the company announced it entered into an agreement with Edens Investment Trust. Edens is purchasing AmREIT in a cash transaction valued at $763 million, or for $26.55 per share.

The transaction price represents a premium of nearly 40% over AmREIT’s closing stock price on July 9, 2014, the last trading day before the disclosure of the unsolicited offer from Regency Centers. It is also a premium of 21% over that $22 per share proposal.

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