Established in 2015 through the merger of Washington Prime Group Inc. (NYSE: WPG) and Glimcher Realty Trust, WP GLIMCHER is a premier retail real estate investment trust. With a portfolio of 121 enclosed regional malls and open-air lifestyle community centers, WP GLIMCHER is an industry-leading, multi-faceted retail real estate owner, developer and manager.
Representing the best of both companies that joined to form it, WP GLIMCHER possesses a quality, geographically diverse portfolio and access to low-cost capital, and is led by a seasoned management team with deep experience in the retail real estate industry. The company is poised for growth and positioned for success thanks to the strong relationships, experience and assets that both Washington Prime and Glimcher bring.
Washington Prime Group was founded in May, 2014 after spinning off from Simon Property Group. Washington Prime combined a national real estate portfolio with an investment-grade balance sheet and was created to leverage its expertise across the entire shopping center sector to increase cash flow through rigorous asset management of existing assets as well as select development and acquisitions of new assets with franchise value.
Glimcher Realty Trust established a top portfolio of quality enclosed regional malls, open-air centers and fashion outlets throughout the United States. Originally founded as The Glimcher Company in 1959 and celebrating its IPO and formation as a REIT as Glimcher Realty Trust in 1994, Glimcher was known as a nationally recognized innovator in the field of shopping center development, having been instrumental in the management, acquisition and development of over 100 shopping centers throughout its 56-year history.
Focused on its people and the areas its properties serve, WP GLIMCHER will look to enhance the positive and strong culture and commitment to the community that have characterized both Washington Prime and Glimcher.
WP GLIMCHER is headquartered in Columbus, Ohio and has additional corporate offices in Bethesda, Maryland and Indianapolis, Indiana.
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