Phillips Edison & Company, Inc. (NasdaqGS:PECO) is looking for acquisitions. Jeffrey Edison, Chairman and Chief Executive Officer said,"We have a great balance sheet and are well positioned for accretive acquisitions. We have seen an increase in deal activity beginning in the third quarter as cap rates continue to adjust in response to higher interest rates.

Based on our current pipeline, we have increased the low end of our guidance range for acquisitions. While it's still a market in transition, we are confident in our ability to close on $250 million to $300 million in net acquisitions this year. We continue to have a very disciplined acquisition process".