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Washington Prime Group Inc. is an American real estate investment trust that invests in shopping centers. The company is organized in Indiana with its headquarters in Columbus, Ohio. [1] From January 2015 to September 2016, the company had the name WP Glimcher. On June 13, 2021, Washington Prime filed for Chapter 11 bankruptcy. [2]
On December 10, 2023, PREIT once again filed for Chapter 11 bankruptcy protection. [13] The company exited its bankruptcy proceedings in April 2024 under the ownership of its former lenders and appointed Jared Chupaila as CEO. [14] [15]
In the spring of 2007, New Century ran into financial difficulties, and trading of its stock on the NYSE was halted. On April 2, 2007, it filed for Chapter 11 bankruptcy. [4] In July 2010, three officers of the company agreed to pay $90 million in settlements and were barred from serving as directors of public companies for five years. [5]
For example, two of the REIT's largest tenants have filed for Chapter 11 bankruptcy protection in the last couple of years. The most recent filing came in early January 2025. The most recent ...
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By the end of 2011, Lightstone Value Plus I was the 18th largest non-traded U.S. REIT. [4] In the summer of 2010, the company offered second, non-traded REIT, Lightstone Value Plus II, committing capital to the hospitality, retail, multi-family, and commercial segments. The Lightstone Group committed 10% of the capital raised by the REIT. [5]
Medical Properties Trust (NYSE: MPW) is a prime example of a high-risk, high-reward stock. In just the past three years, the stock price for this real estate investment trust (REIT) has fallen 77%.
On August 14, 2023, Prime Trust and FundAmerica's parent company, Prime Core Technologies, filed for Chapter 11 bankruptcy protection. It is currently in talks to sell all of its assets, including FundAmerica. Prime Trust will also request to continue to pay wages and provide benefits to ongoing employees as usual.