Washington Prime Turning Over Pair of Malls to Lenders; Will Buyback One
Area: sqft | BHK: | Price: |
City: | Location: |
Washington Prime Group Inc. (NYSE: WPG) continued its portfolio re-construction agreeing to turn two malls over to lenders but with plans to buyback one of them. It also sold an additional mall and repaid the debt on a fourth. “As previously stated, within our Tier 2 portfolio there are certain assets which, save for the fact that they are overleveraged, exhibit Tier 1 characteristics,” said Lou Conforti, CEO of Columbus, OH-based Washington Prime…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group
Recent Posts
- Irene Sandiego, Tampa4u Realtor — Past Home Sales
- Compare the 4 Most Popular Low-Down-Payment Home Loans
- It’s March! The Best Month for Tampa Home Sellers to List
- Builders Fulfill Homebuyers’ Desire for Large Open-Floor-Plan Homes
- The Most Expensive Existing Condos for Sale in Tampa Are on Bayshore Blvd