San Diego, U.S.A., Dec 20, 2011 (Thomson Reuters ONE via COMTEX) --SAN DIEGO, December 20, 2011

Excel Trust, Inc. (NYSE:EXL), a retail focused real estate investment trust (REIT), has acquired two properties for approximately $48.5 million.

"These transactions cap off a wonderful year for Excel Trust with acquisitions totaling over $265 million," commented Gary Sabin, Excel Trust's Chairman and CEO. He went on to say, "We continue to execute our long-term strategy of purchasing competitively protected properties in pockets of strength throughout the U.S. Other accomplishments for 2011 include successfully strengthening our balance sheet by increasing our equity base and expanding our credit facility. We are pleased with our current pipeline of attractive opportunities which will further enhance our portfolio in the coming year."

The Crossings of Spring Hill - Spring Hill, TN (Nashville Metropolitan Area): Excel Trust acquired a 496,604 square-foot retail shopping center (of which 219,841 is owned) for approximately $31 million. The current annual net operating income is estimated to be $2.6 million. The property is anchored by SuperTarget (non-owned), Kohl's (non-owned), PetSmart, Ross Dress for Less, Bed Bath & Beyond and Dollar Tree. Conveniently located at the intersection of Highway 31 & Saturn Parkway, the center was constructed in 2008 and is approximately 98% leased. In a three mile radius, the average household income is estimated to be $77,797 (Source: AGS 2011).

Anthem Highlands - Henderson, NV: Excel Trust acquired this 118,763 square-foot neighborhood shopping center for $17.5 million. The current annual net operating income is approximately $1.3 million. Major tenants include Albertsons, CVS Pharmacy, Bank of America and Wells Fargo. Situated within a premier master planned community, the center was constructed in 2006 and is approximately 82% leased. In a three mile radius, average household income is estimated to be $111,559 (Source: AGS 2011).

About Excel Trust

Excel Trust, Inc. is a retail focused REIT that targets community and power centers, grocery anchored neighborhood centers and freestanding retail properties. The Company has elected to elect to be treated as a REIT for U.S. federal income tax purposes. Excel Trust trades publicly on the NYSE under the symbol "EXL." For more information on Excel Trust, please visit www.exceltrust.com.

Forward-Looking Statements

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases. These statements include, but are not limited to, discussions related to the Company's expectations regarding the performance of its business, its liquidity and capital resources and other non-historical statements. These forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. When used in this release, the words "believe," "anticipate," "estimate," "expect," "intend" and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. For a list and description of risks and uncertainties that could cause actual results to differ materially from expectations, see the reports filed by the Company with the Securities and Exchange Commission, including the Company's most recent annual report on Form 10-K. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Excel Trust

Matt Romney, SVP, Capital Markets

858-613-1800

info@exceltrust.com

www.exceltrust.com

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Source: Excel Trust, Inc. via Thomson Reuters ONE

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