Glimcher to Purchase Interests in 2 Malls, Shares
February 28, 2001 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT)has agreed to purchase the $34 million Series A-1 convertible preferred shares of GRT and $56 million Series D convertible preferred shares of GRT.The company also will purchase a 40...
Golf Trust of America Adopts Liquidation Plan
February 28, 2001 CHARLESTON, S.C. – After a yearlong review of its strategic alternatives, Golf Trust of America (AMEX:GTA) has decided to liquidate.An independent committee of the board of directors unanimously recommended the plan to the board, which unanimously...
CDC Provides $140 Mln Financing for Whitehall-Owned Mall Portfolio
The floating-rate financing is backed by five regional shopping centers, including the Westland Mall in Hialeah. It allows Whitehall to continue with its repositioning strategy.
Pennsylvania REIT 4th Qtr FFO $0.75/shr vs $0.70/shr
February 28, 2001 Pennsylvania REIT ? 4th-Qtr 00 4th-Qtr 99 12-mos 00 12-mos 99 FFO (Mln) $11.5 $10.5 $45.8 $38.9 FFO/shr (diluted) $0.75 $0.70 $3.06 $2.65 Net Income (Mln) $4.6 $4.9 $32.3 $20.7 Net/shr (diluted) $0.34 $0.37 $2.41 $1.56...
Jones Lang LaSalle to Repurchase up to 1.2 Mln Shares
February 28, 2001 CHICAGO - Jones Lang LaSalle Inc. (NYSE:JLL) has approved the repurchase of up to 1.2 million shares at a purchase price of not more than $10 million, $15/share.The company may repurchase shares in the open market...
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