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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]
In 2013, the company acquired University Park Village in Fort Worth, Texas for $105 million. [11] The company also acquired Blackstone's 60% interest in WestShore Plaza. [12] In 2015, the company was acquired by Washington Prime Group for $4.3 billion in stock and cash. [13]
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Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. [4] Its first acquisition was a Taco Bell restaurant in early 1970. [4]The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores long term.
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