WP Glimcher CEO Excited About REIT’s Future

Michael Glimcher, vice chairman and CEO of WP Glimcher (NYSE: GRT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Glimcher helped oversee the merger between Glimcher Realty Trust and Washington Prime in 2014 that led to the formation of WP Glimcher in January. Glimcher said the newly formed company is building across all retail sectors.

Michael Glimcher

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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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