Weingarten Realty Investors Announces an Increase in the Size of and Extension of Its Tender Offer for Its Convertible Notes

HOUSTON--(Business Wire)--
Weingarten Realty Investors (NYSE:WRI) announced today that it has increased the
amount available to purchase its outstanding notes in the table below (the
"Convertible Notes") pursuant to its offer by $77,945,000 for a new total of
$325,000,000 and extended the offer for ten additional days. With this
extension, the Maximum Tender Offer will now expire at 12:00 midnight, New York
City time, on July 13, 2009 (as amended, the "Maximum Tender Offer Expiration
Date"). Based on information received from Global Bondholder Services
Corporation, Weingarten's Information Agent, the following table summarizes the
aggregate principal amount of the Convertible Notes validly tendered and not
validly withdrawn as of 12:00 midnight on Friday, June 26, 2009.

CUSIP Numbers Title of Security Aggregate Principal Amount Outstanding Aggregate Principal Percentage of Outstanding Principal Amount Tendered
Amount Tendered
948741AF0/ 948741AE3 3.950% Convertible Senior Unsecured Notes due August 1, 2026 $454,921,000 $317,525,000 69.80%

Except as otherwise provided for in the release, all other terms and conditions
of the Maximum Tender Offer will remain the same. The terms and conditions of
the Maximum Tender Offer are set forth in Weingarten's Offer to Purchase dated
June 1, 2009, as amended and the related Letter of Transmittal.

J.P. Morgan Securities Inc. is the Dealer Manager and Global Bondholder Services
Corporation is acting as the Depositary and Information Agent for the Maximum
Tender Offer.

For additional information regarding the terms of the Maximum Tender Offer
please contact: J.P. Morgan Securities Inc. at (866) 834-4666 (toll free) or
(212) 834-3424 (collect). Requests for documents and questions regarding the
tendering of Convertible Notes may be directed to Global Bondholder Services
Corporation at (866) 470-4200 (toll-free) or (212) 430-3774 (collect).

Forward-Looking Statements

In addition to historical information, this press release contains
forward-looking statements. These statements are based on current expectations,
estimates and projections about the industry and markets in which Weingarten
operates, management's beliefs, and assumptions made by management. It is
important to note that Weingarten's actual results could differ materially from
those projected in such forward-looking statements. Forward-looking statements
are not guarantees of future performance and involve certain risks and
uncertainties which are difficult to predict. Reference is made to Weingarten's
regulatory filings with the Securities and Exchange Commission for information
or factors that may impact Weingarten's performance.

About Weingarten Realty Investors

As one of the largest real estate investment trusts listed on the New York Stock
Exchange, Weingarten Realty (NYSE: WRI) is celebrating its 60th anniversary as a
commercial real estate owner, manager and developer, formed in 1948. Focused on
delivering solid returns to shareholders, Weingarten is actively developing,
acquiring, and intensively managing properties in 23 states that span the United
States from coast-to-coast. The Company's portfolio of 404 properties includes
323 neighborhood and community shopping centers and 81 industrial properties.
Including tenant-owned square footage, the Company's portfolio currently totals
approximately 73 million square feet under management. Weingarten has one of the
most diversified tenant bases of any major REIT in its sector, with the largest
of its 5,300 tenants comprising less than 3% of its rental revenues. To learn
more about the Company's operations and growth strategies, please visit
www.weingarten.com.

For Weingarten Realty Investors
Kristin Gandy, Director of Investor Relations, 713-866-6050

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