Washington/Glimcher Deal Raises Questions about Further Industry Consolidation

Washington/Glimcher Deal Raises Questions about Further Industry Consolidation

The announcement that Simon’s spin-off, Washington Prime Group Inc., was buying Glimcher Realty Trust may have been unexpected in the absence of rumors about negotiations, but the move represents the logical next step in the evolution of the mall REIT sector, industry sources say. Larger players swallowing smaller competitors may become a theme over the next year as mall REITs fight for growth on home soil.

On Sept. 16, Glimcher announced it entered a definitive

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