Washington Prime Group Malls (June) All You Need To Know >> This article tells you about the latest incidents regarding a well-established real estate investment company.
This pandemic proved to be hard on everyone. It led to an enormous loss of lives and resources. Many people lost their jobs, several others had to suffer financial losses, and many business owners had to shut down. A similar case has happened with the Washington Prime Group, and they have filed for bankruptcy, which has made the term Washington Prime Group Malls trending.
Please keep reading to know more about this company and find what led them to file for bankruptcy. We’ll reveal all the information in this article, so don’t skip anything. This news is gaining a lot of traction in the United States and Canada.
It’s a real estate investment trust based in the USA and is one of the most well-known names in its field. They’re headquartered in Ohio and also previously operated under the name WP Glimcher.
It was founded seven years ago, on May 28, 2014. Robert J. Laikin, Mark E. Yale and Louis G. Conforti are its Chairman, CFO and CEO, respectively.
The Washington Prime Group owns about 102 shopping centers in addition to Polaris Fashion Place. They also own eight malls in Ohio. Their portfolio is quite diverse, with both smaller companies and some big names.
While COVID is the primary culprit behind these malls filing for bankruptcy, it’s not the only factor, but it was the final nail in the coffin.
The pandemic proved to be quite troublesome for everyone. A well-established company, the Washington Prime Group, filed for bankruptcy. Please read more here. All related information is available above.
What do you think of the current situation with the Washington Prime Group Malls? Please share in the comments section below.
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