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CMG affiliates pare tender offer for Phillips Edison Grocery Center REIT I shares

CMG Partners LLC, CMG Acquisition Co. LLC and CMG Income FundII LLC reduced the number of shares of PhillipsEdison Grocery Center REIT I Inc.'s common stock they are to purchase in a tenderoffer to 1.0 million from 9.3 million.

The reduction lowers the investor group's outstanding capitalcommitment to roughly $5.3 million from an earlier estimate of up to about $48.8million, based on the offer price of $5.25 per share.

The shares now subject to the offer comprise about 0.54% of theREIT's outstanding common shares.