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Washington Prime Raises $340 Million by Selling Stakes in Six Centers to O’Connor Capital

Proceeds to Repay Pending Loan Maturities, Support Redevelopment Plans

Washington Prime Group Inc. (NYSE: WPG) completed another joint venture with its favorite investment partner, O’Connor Capital Partners, selling a 49% interest in six open-air retail properties for $340 million. WPG will retain management and leasing responsibilities of the properties.

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