COLUMBUS, OH-Retail REIT Glimcher Realty Trust is putting up for sale 11 community shopping centers
Last updated: July 27, 2006 08:47pm
COLUMBUS, OH-Retail REIT Glimcher Realty Trust is putting up for sale 11 community shopping centers and the Eastland Mall in North Carolina as part of the company’s strategy to sell non-core assets. Glimcher officials intend to redeploy those revenues into upgrading the quality of its existing assets, as well as acquiring well-located properties.
“With our portfolio size, one or two acquisitions can provide meaningful growth,” said CEO Michael Glimcher during the company’s second-quarter earnings call Thursday. “Although the acquisition market is extremely competitive, we continue to pursue closed- and open-air properties.”
COLUMBUS, OH-Retail REIT Glimcher Realty Trust is putting up for sale 11 community shopping centers and the Eastland Mall in North Carolina as part of the company’s strategy to sell non-core assets. Glimcher officials intend to redeploy those revenues into upgrading the quality of its existing assets, as well as acquiring well-located properties.
“With our portfolio size, one or two acquisitions can provide meaningful growth,” said CEO Michael Glimcher during the company’s second-quarter earnings call Thursday. “Although the acquisition market is extremely competitive, we continue to pursue closed- and open-air properties.”
posted by S. Dreznin at
9:01 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home