Glimcher Realty Trust (NYSE: GRT) is a Columbus, Ohio based real estate investment trust. The company specializes in the development and management of regional malls and shopping centers. As of 2009, the company's properties consisted of 23 malls (with a total leasable area of 20.74 million square feet), and three community centers (with a total leasable area of 760 thousand square feet). On 2008-10-23, Glimcher Realty Trust posted a third quarter loss of US$3.44 million. On the same day, Standard & Poor's lowered Glimcher's credit rating, in response to a declining outlook for the trust's portfolio.
In 2004, it sold several properties to Bromont Investments, a company based in Scottsdale, Arizona.
In early 2006, it acquired one mall in partnership with a Canadian pension fund and another one by itself.
Read more about Glimcher Realty Trust: Properties Managed
Famous quotes containing the word trust:
“He will calmly front the morrow in the negligency of that trust which carries God with it, and so hath already the whole future in the bottom of the heart.”
—Ralph Waldo Emerson (1803–1882)