AmREIT Announces New Lease with Morton’s Restaurant Group, Inc.

HOUSTON--(BUSINESS WIRE)--AmREIT, Inc. announced that it has signed a lease with Morton’s Restaurant Group, Inc. for a new Morton’s Steakhouse to anchor AmREIT’s Uptown Plaza shopping center at the intersection of N. Pearl St. and McKinney Avenue in the prestigious Uptown area of Dallas, Texas.

“We are excited to be partnering with Morton’s as they open in the dynamic Uptown district in Dallas. Morton’s attention to detail, reputation for quality, and superior service pair well with our strategy of Irreplaceable CornersTM property”

The new restaurant, which will occupy 8,500 square feet in the shopping center, will have a total seating capacity of approximately 244, and it will feature Morton's "new look," with a lighter, more inviting restaurant interior, exclusive private dining boardrooms, and Bar12-21, Morton's new bar dining concept. Morton’s plans to open the restaurant in early 2011.

“We are excited to be partnering with Morton’s as they open in the dynamic Uptown district in Dallas. Morton’s attention to detail, reputation for quality, and superior service pair well with our strategy of Irreplaceable Corners^TM property,” said Charles Scoville, Senior Vice President and head of leasing for AmREIT.

Uptown Plaza is located across from some of Dallas’ finest hotels including the Rosewood Crescent Hotel, the Ritz-Carlton Hotel, and Hotel ZaZa. In addition, it is located adjacent to the Federal Reserve Bank of Dallas and in close proximity to the new Woodall Rogers Park and the exciting Dallas Arts District. Other tenants in the Shopping Center include Wells Fargo, Pei-Wei, Potbelly’s Sandwich and The Cupcakery.

Morton’s Restaurant Group, Inc. is the world’s largest operator of company-owned steakhouses with 76 Morton’s steakhouses located in 64 cities across 26 states, Puerto Rico and five international locations.

About AmREIT, Inc.

AmREIT, Inc. is the leading owner, operator and creator of value on Irreplaceable Corners^TM in Texas, which is home to three of the top six major growth markets throughout the United States and has the 12^th largest economy in the world based on GDP (ahead of Mexico, Russia and India). For over 25 years, AmREIT has provided our clients and investors with financial transparency, reliability and creation of value. AmREIT has access to a variety of capital markets, including public and private financial companies and institutional investors, and our platform has grown from approximately $100 million in assets in 2002 to approaching $1 billion today. AmREIT has elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes. AmREIT is headquartered in Houston, Texas, and has an office in Dallas, Texas.

For more information about AmREIT, please visit our website at www.amreit.com.