Same-store sales, a key metric for retail growth, declined in two of the past three years, with only 2017 eking out a gain of 0.8 percent.
Representative Blaine Luetkemeyer said in an interview that it’s unclear whether the Treasury Department and others on President Donald Trump’s team support the plan.
With its stock trading at a discount, it had been difficult for the REIT to get the quick access to capital needed for new development.
The Bethesda, Maryland-based real estate investment trust has interviewed advisers regarding the portfolio sale.
The project was too slow to cut rents and had trouble attracting students earlier this year because it was still under construction.
. The firm is initially targeting a $50 million fund and will allow investors to contribute as much as $100 million in additional capital alongside the fund.
Rising property taxes can be a problem for both tenants and landlords.
Where are the U.S. properties with the highest recent tax bills?