HOUSTON, TX (REIT Media) October 18, 2007 - Weingarten Realty Investors (NYSE: WRI; the "Company" or "Weingarten") announced today that it has extended its previously announced consent solicitation (the "Consent Solicitation") to modify certain of the financial covenants applicable to its outstanding Notes (collectively, the "Securities").

The Consent Solicitation, as extended, will expire at 5:00 p.m., New York City time, on October 26, 2007 (as extended, the "Expiration Date") unless the Consent Solicitation is further extended. Holders of the Securities that have validly delivered consents do not need to take further action in light of the extension.

Except for the extension of the expiration, all other terms and conditions of the Consent Solicitation are as described in the Company's Consent Solicitation Statement dated September 26, 2007 (the "Consent Solicitation Statement").

If all conditions to the Consent Solicitation are satisfied, holders of Securities who validly deliver (and do not validly revoke) their consents pursuant to the Consent Solicitation by the Expiration Date will be paid the applicable consent fees, as set forth in the Consent Solicitation Statement.

Banc of America Securities LLC is serving as the Solicitation Agent for the Consent Solicitation. The Information and Tabulation Agent is Global Bondholder Services Corporation. Any questions regarding the consent solicitation may be directed to Banc of America Securities LLC at 866-475-9886 (toll-free) or at 704-386-3244 (collect).

Requests for additional copies of the Consent Solicitation Statement and related documents may be obtained at no charge by contacting the Information and Tabulation Agent at 866-470-3800 (toll free) or 212-430-3774, or in writing at 65 Broadway - Suite 723, New York, New York 10006, Attention: Corporate Services.

This announcement is not a solicitation of consents with respect to any Securities. The consent solicitation is being made solely pursuant to the Consent Solicitation Statement. In any jurisdiction where the laws require solicitations to be made by a licensed broker or dealer, the consent solicitation will be deemed to be made on behalf of the Company by the Solicitation Agent, or one or more registered broker dealers under the laws of such jurisdiction.

As one of the largest real estate investment trusts listed on the New York Stock Exchange, Weingarten Realty Investors (NYSE: WRI) is focused on delivering solid returns to shareholders by actively developing, acquiring, and intensively managing properties in 22 states that span the United States from coast to coast. The Company's portfolio of 414 properties includes 336 neighborhood and community shopping centers and 78 industrial properties, aggregating 48.8 million square feet. Weingarten has one of the most diversified tenant bases of any major REIT in its sector, with the largest of its 5,600 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.