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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]
Washington Prime Group Inc. filed for Chapter 11 in Texas bankruptcy court, marking another phase of the retail fallout from the ongoing COVID-19 pandemic — the effect of retail’s rent ...
Washington Prime Group (WPG) delivered FFO and revenue surprises of -10.71% and 6.62%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Mall owner Washington Prime Group filed for chapter 11 bankruptcy protection on Sunday after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across ...
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In 2015, the company was acquired by Washington Prime Group for $4.3 billion in stock and cash. [13] As part of the transaction, Jersey Gardens and University Park Village were sold to Simon Property Group for $1.09 billion. [13]
The company's estimated assets ranged from $1 billion to $10 billion as did its estimated liabilities, according to a filing made in the United States Bankruptcy Court for the Southern District of ...
Washington Prime would later become WP Glimcher, and take over management of the mall. However in that same year WP Glimcher was renamed back to Washington Prime Group. In June 2021, Washington Prime Group filed for Chapter 11 bankruptcy protection. At the time, the real estate company owned 100 malls — including Cottonwood Mall.