Washington Prime CEO Stresses Need for “Dynamism” in Retail Sector

Louis Conforti, CEO of retail REIT Washington Prime Group Inc. (NYSE: WPG), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Conforti was named interim CEO of the company in June and appointed to permanent position in October. He said his top goals since taking over have been buttressing the company from an operational standpoint and practicing financial prudence.

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Washington Prime to Buy Glimcher Realty in $4.3 Billion Deal

Washington Prime Group Inc. (NYSE: WPG) said Sept. 16 that it intends to buy Glimcher Realty Trust (NYSE: GRT) in a stock and cash transaction valued at approximately $ 4.3 billion.

The new company will be known as WP Glimcher, retaining Washington Prime’s ticker symbol on the NYSE. The company will maintain Glimcher Realty’s headquarters in Columbus, Ohio.  Mark Ordan, CEO of Washington Prime, will serve as executive chairman of the combined company. Michael Glimcher, CEO of Glimcher, will serve as its vice chairman and CEO.

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