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Three Mall Owners Struggle with Pressure To Sell

Feldman Mall Properties, Pyramid Companies and Glimcher Seeing No Market for Mall Portfolios
By Sasha M Pardy
March 19, 2008 | 10:40 P.M.

Last spring, two mall owners, Great Neck, NY-based REIT Feldman Mall Properties (NYSE:FMP) and privately held Syracuse, NY-based Pyramid Companies, said they would shop their portfolios. Now, nearly a year later, no such sales have come to fruition. But that hasn't discouraged Glimcher Realty Trust (NYSE:GRT), which recently adopted a strategy to shed its non-core malls.

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