Washington Prime files for bankruptcy

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buckguy
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Washington Prime files for bankruptcy

Post by buckguy »

https://www.cnn.com/2021/06/14/business ... index.html

Washington Prime was a Simon spinoff to hold their B-grade malls, later merged with Columbus, Ohio based Glimcher Real Estate Trust (a mix of metro malls, small town malls and community shopping centers). Simon manages the malls they spunoff. Not surprising this has gone the bankruptcy route, esp. given that PREIT and CBL have gone to bankruptcy court. I suspect this would have happened even without COVID given the properties.
Romr123
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Re: Washington Prime files for bankruptcy

Post by Romr123 »

thanks for the background--looking them up they seemed to have a hodge-podge of different properties which I'm sure took a big hit from no retail traffic last year.
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