Glimcher Realty Trust

Glimcher Realty Trust (NYSE: GRT) is a Columbus, Ohio based real estate investment trust.^[1] The company specializes in the development and management of regional malls and shopping centers.^[2] As of 2009, the company's properties consisted of 23 malls (with a total leasable area of 20.74 million square feet), and three community centers (with a total leasable area of 760 thousand square feet). On 2008-10-23, Glimcher Realty Trust posted a third quarter loss of US$3.44 million.^[3] On the same day, Standard & Poor's lowered Glimcher's credit rating, in response to a declining outlook for the trust's portfolio.^[4]

In 2004, it sold several properties to Bromont Investments, a company based in Scottsdale, Arizona.^[5]

In early 2006, it acquired one mall in partnership with a Canadian pension fund and another one by itself.^[6]

Properties managed

The following malls are managed by Glimcher:^[7]

Puente Hills Mall - City of Industry, California
WestShore Plaza - Tampa, Florida
Ashland Town Center - Ashland, Kentucky
Northtown Mall - Blaine, Minnesota
Jersey Gardens - Elizabeth, New Jersey
Dayton Mall - Miami Township, Montgomery County, Ohio
Indian Mound Mall - Newark, Ohio
Polaris Fashion Place - Columbus, Ohio
The Mall at Fairfield Commons - Beavercreek, Ohio
Tulsa Promenade Mall - Tulsa, Oklahoma
Lloyd Center - Portland, Oregon
Colonial Park Mall - Harrisburg, Pennsylvania
Mall at Johnson City - Johnson City, Tennessee
Grand Central Mall - Vienna, West Virginia
SuperMall of the Great Northwest - Auburn, Washington
Scottsdale Quarter - Scottsdale, Arizona
Weberstown Mall - Stockton, California
Merritt Square Mall - Merritt Island, Florida
Eastland Mall - Columbus, Ohio
New Towne Mall - New Philadelphia, Ohio
River Valley Mall - Lancaster, Ohio
Morgantown Mall - Morgantown, West Virginia

References

^ "Company Profile". Glimcher Realty Trust. http://www.glimcher.com/company. Retrieved 2008-11-18.
^ "Regional Mall REITs Hold Up Under Pressure". Retail Traffic. 2008-08-13. http://retailtrafficmag.com/finance/reits/riet_regional_mall_0813/. Retrieved 2008-09-05.
^ "Glimcher posts 3Q loss". Columbus Business First. 2008-10-22. http://www.bizjournals.com/columbus/stories/2008/10/20/daily29.html. Retrieved 2008-11-17.
^ "S&P cuts Glimcher Realty Trust corp credit rating". Reuters. 2008-10-23. http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2326261820081023. Retrieved 2008-11-17.
^ "Realty trust sells small Lancaster, Ohio, mall". The Columbus Dispatch (Columbus, Ohio). August 7, 2004. http://www.highbeam.com/doc/1G1-120473335.html. Retrieved 26 April 2010.
^ "Article: Glimcher Realty Trust sticks to enclosed malls despite open-air trend.". The Columbus Dispatch (Columbus, OH). January 5, 2006. http://www.highbeam.com/doc/1G1-140532719.html. Retrieved 26 April 2010.
^ "Listing of Properties". Glimcher Realty Trust. http://www.glimcher.com/portfolio/property_list. Retrieved 2010-10-24.

External links