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Washington Prime Puts in Play Control of Shopping Malls to Secure New Financing

Negotiations With O’Connor Capital Involves Transferring Preferred Equity in 13 Properties
Scottsdale Quarter in Scottsdale, AZ, is one of 13 properties involved in a proposed debt restructuring being negotiated by Washington Prime Group. (CoStar)
Scottsdale Quarter in Scottsdale, AZ, is one of 13 properties involved in a proposed debt restructuring being negotiated by Washington Prime Group. (CoStar)
CoStar News
December 17, 2020 | 3:19 P.M.

Shopping mall owner Washington Prime Group is in discussions to put up its stake in a portfolio of retail centers in exchange for new financing to weather the coronavirus outbreak.

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