|EastGroup Properties, Inc. (EastGroup) is an equity real estate investment trust (REIT). It is focused on the development, acquisition and operation of industrial properties in Sunbelt markets throughout the United States, including the states of Florida, Texas, Arizona, California and North Carolina. During the year ended December 31, 2011, it increased its holdings in real estate properties through its acquisition and development programs. On January 31, 2012, it acquired a 72,000 square foot distribution center and 18 acres of development land. During 2011, it acquired operating properties, including Lakeview Business Center (127,000 square feet) and Ridge Creek Distribution Center II in Charlotte, North Carolina; Broadway Industrial Park, Building VII in Tempe, Arizona; the Tampa Industrial Portfolio in Tampa, Florida, and Rittiman Distribution Center (172,000 square feet) in San Antonio, Texas. In August 2012, it acquired Wiegman Distribution Center II in Hayward, California.