Capital City Mall owner to explore ‘all possible options,’ including merger, sale and refinancing

Joseph F. Coradino, chairman and chief executive officer of the Pennsylvania Real Estate Investment Trust, said that in the coming year it will exploring “all possible options” available to the company as its credit facility matures, including refinancing, merger, sale, joint ventures, selling high quality assets and more.

“Add to this, we have a pipeline of over $130 million of assets that are under agreement and many in the final stages of negotiations, while we are exploring opportunities to raise an additional $125 million in capital,” Coradino said.He said PREIT is facing economic upheaval, rising rates, inflation, and a constrained financing environment.

Don’t let this shit die like the colonial park mall

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Rockhill Capital & Investments, Horizon Capital Partners merge - Dallas Business JournalRockhill Capital & Investments has combined with Horizon Capital Partners. Together, the firms command more than $300 million in managed real estate assets.
Fuente: DallasBizNews - 🏆 525. / 51 Leer más »

Parent company of Capital City Mall, sells N.J. shopping center to help pay off $148M in debtPREIT said it also has other assets under contract or negotiation for sale, which are expected to close in the coming months. Speaking of Rick Santorum’s best drag performances at Friday Rocky Horror shows.
Fuente: PennLive - 🏆 463. / 53 Leer más »