UE - Mergers and acquisitions

--Advances Strategy of Acquiring High-Quality, Infill Real Estate in Company's Core Markets-- Urban Edge Properties (NYSE:UE) today announced that it has acquired Woodmore Towne Centre ("Woodmore"), a 712,000 square foot grocery-anchored, regional power center located on 83 acres in Glenarden, MD along with an adjacent 22-acre land parcel. The transaction closed on December 23, 2021 and the purchase price was $193.4 million providing an initial unleveraged yield of 6.4%. The acquisition of Woodmore, which combines essential retail and a unique shopping experience for the surrounding community, is consistent with Urban Edge's strategic plan of acquiring high-quality, infill real estate with

NEW YORK--(BUSINESS WIRE)--Urban Edge Properties (NYSE:UE) today announced that it has acquired Sunrise Mall in Massapequa, NY from Unibail-Rodamco-Westfield for $29.7 million plus up to $6 million of additional contingent consideration. The property encompasses 1.2 million square feet of retail space situated on 77 acres in Nassau County, Long Island. Sunrise Mall provides tremendous redevelopment opportunities given its unique scale and in-place zoning which provides for industrial and other uses. Its location benefits from excellent access to major roadways that connect the property to the eastern edge of New York City and the entirety of Long Island. The mall is currently 65