Homburg Invest Inc. (TSX:HII.A) agreed to acquire remaining 20% stake in seven properties in Pennsylvania and one property in Massachusetts from Cedar Shopping Centers Inc. (NYSE:CDR) for $9.7 million on February 15, 2011. In a related deal, Cedar Shopping Centers Inc. agreed to acquire remaining 80% stake in Meadows Marketplace in Hershey, Pennsylvania from Homburg Invest Inc. for $5.3 million on February 15, 2011. After the completion of deals, Cedar and the Cedar/Homburg joint ventures will be terminated. The deal will be subject to customary closing conditions, including among other things, approval by lenders. Stroock & Stroock & Lavan LLP acted as legal advisor to Cedar Realty Trust, Inc. Osler, Hoskin & Harcourt LLP acted as legal advisor to Homburg Invest Inc. Caroline Martel of NATIONAL Public Relations and Heleen Jansen of Cohn & Wolfe acted as public relations advisors for Homburg Invest Inc.

Homburg Invest Inc. (TSX:HII.A) cancelled the acquisition of remaining 20% stake in seven properties in Pennsylvania and one property in Massachusetts from Cedar Shopping Centers Inc. (NYSE:CDR) on October 12, 2012. In a related deal, Vastgood Properties, LLC and an affiliate of a fund managed by Prudential Real Estate Investors acquired 561,000 square feet portfolio of seven supermarket anchored shopping centers from Cedar Realty Trust Partnership, L.P. and Homburg Invest USA Inc. for approximately $100 million on October 12, 2012. The prtfolio includes seven properties in Pennsylvania in which Homburg Invest Inc. wanted to take remaining 20% stake. In another related deal, Cedar Realty Trust, Inc. completed the acquisition of remaining 80% stake in Meadows Marketplace in Hershey and Fieldstone Marketplace Shopping Center in New Bedford from Homburg Invest USA Inc. on October 12, 2012. Fieldstone Marketplace Shopping Center in New Bedford is the one property in Massachusetts in which Homburg Invest Inc. wanted to take remaining 20% stake. Homburg Invest USA Inc. received net proceeds of approximately $24 million in connection with the transactions, and upon the satisfaction of certain conditions may receive up to an additional $1.5 million.