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Volume 3 - Number 20 | October 18, 2005

Inland Western Closes on $221M Mervyns Portfolio By Michelle Napoli A portfolio of 25 operating Mervyns department stores are now in the hands of Oak Brook, IL-based Inland Western Retail Real Estate Trust Inc. This $221.8-million acquisition functions somewhat like a sale-leaseback though technically is not.

Insider: ECM’s Pruett By Michelle Napoli Equity Capital Management has disposed of the assets from its ECM Income & Growth Fund, which focused solely on Walgreens properties and is active with its follow-on institutional fund, the ECM Diversified Income & Growth Fund. Here, ECM managing partner Shelby E.L. Pruett discusses the investment strategy for his latest fund and the overall market.